Gold’s performance has surged this year, driven by fears of a trade war and geopolitics influencing investors’ decisions. January proved challenging as gold sought to remain above the 100-day moving average. But as Treasury yields have dipped, the focus shifts to whether gold can reach the significant $3,000 milestone.

Gold’s trajectory will greatly depend on market sentiments related to trade tensions and economic uncertainty. The possibility of achieving seven consecutive weeks of gains adds to traders’ intrigue as they assess their next steps.

The unfolding economic landscape will be the key to understanding if this bullish trend will continue or if a pullback is imminent.