Gold prices, represented by XAUUSD, are showing promising recovery, bouncing back from the one-month low range of 3248-3247. On Tuesday, the price is gaining momentum for a second consecutive day. The persistent selling of the US Dollar supports this bullish trend. Market analysts are increasingly convinced that the Federal Reserve may soon resume its rate-cutting cycle, providing a favorable environment for non-yielding assets like gold. Investors should monitor these developments closely as they could lead to further price fluctuations in the gold market.