Gold prices maintained their upward momentum, holding onto recent gains as traders grew more confident about the prospect of a Federal Reserve interest rate cut. Market sentiment strengthened further after Scott Bessent, a well-known economic voice, urged the Fed to take decisive monetary easing steps next month. His comments added fuel to expectations that looser policy could weaken the U.S. dollar and support demand for bullion.

The combination of dovish signals from policymakers and heightened investor interest has kept gold trading near its recent highs. With inflation pressures easing and global uncertainty lingering, many market participants see gold as an attractive hedge and store of value, positioning it for continued resilience if rate cuts materialize.