Gold prices are expected to increase this week.

XAUUSD The price of gold is strengthening after reaching a low point over several months, now reaching a high point in two weeks.

The metal is receiving support from geopolitical tensions, decreasing bond yields, and a weaker US dollar.

The upcoming US CPI report may provide new information about the Federal Reserve's plans for interest rate hikes and potentially give further momentum to the gold market.

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The price of gold (XAU/USD) continues to extend its recent impressive rebound from the $1,810 region, which was a seven-month low reached last week. It is now reaching a new high for the past two weeks as we enter the European session on Thursday.

With this latest upward movement, the price of gold has now regained more than 30% of the losses it experienced in September. Interestingly, this positive trend seems to be unaffected by the generally positive sentiment in the stock markets.