Gold prices continue their upward trajectory, trading at approximately $2,995 on Monday. This follows last Friday’s profit-taking correction after reaching an impressive all-time high of $3,005. The market anticipates a significant week ahead, as the German Bundestag prepares to vote on a defense spending plan that could inject approximately €1 trillion into the European industry. This development may have major implications for gold prices as they are often influenced by geopolitical events and economic policies.

Traders are keeping a close eye on these developments while navigating the markets. Gold often reacts strongly to global economic conditions, and the upcoming decision from Germany could sway investor sentiment considerably. Should the vote pass, we might see an even more bullish trend in the gold market, potentially pushing prices beyond current highs.

As we proceed through the week, all focus will remain on the unfolding events in Europe and their impact on gold values. Stay tuned for more updates as trading progresses.