Analyst: Fundamentals support gold prices to rise, and gold is expected to record a consecutive third week of pump.

On March 21, Jin Shi Data reported that gold prices are expected to record a rise for the third consecutive week on Friday, supported by expectations of annual interest rate cuts from the Federal Reserve, as well as safe-haven demand amid geopolitical and economic uncertainties. However, currently, affected by the strengthening of the US dollar, gold prices have fallen by about 0.5% during the day. Kelvin Wong, a senior market analyst at OANDA Asia Pacific, stated, "Due to the overall strengthening of the dollar against major currencies, gold prices have slightly declined during today's Asian session." Kyle Rodda, a financial market analyst at Capital.com, mentioned, "All fundamental factors support the continued rise of gold prices, but before maintaining an upward trend, gold prices are likely to pull back to around $3000 to gain some stability."