Weekly Global Gold Price Analysis Global gold prices experienced significant fluctuations this week, influenced by various economic and geopolitical factors. In this analysis, we examine gold price movements from the beginning of the week to now, as well as the influence of external factors. At the start of the week, gold prices opened at around $1,950 per ounce. The market sees positive sentiment among investors due to concerns about high inflation. Uncertainty about the Federal Reserve’s possible tightening of monetary policy further increases demand for gold as a safe asset. Throughout the week, gold prices peaked on Wednesday, when they hit $1,975 as the value of the dollar fell. This was driven by economic data showing that US inflation remained high, although there were signs of a slowdown in demand. Data related to the labor market and consumer spending signal that the economy may not be as strong as expected. However, on Thursday, gold prices experienced a decline after the release of better-than-expected employment data. Despite concerns about inflation, a strengthening economy could potentially lead the Federal Reserve to pursue more aggressive monetary policy. In a short period of time, gold prices fell to as low as $1,940 per ounce, reflecting the market’s response to expectations of a rise in interest rates. Technical analysis shows that gold’s support level is around $1,925, while the resistance level is around $1,980. Many analysts note that a break above this resistance level could trigger a more significant bullish move in the coming weeks. Last Friday, gold prices fluctuated again amid the announcement of disappointing retail sales data, pushing prices back above $1,950. Investors responded negatively to the lower sales figures, suggesting that domestic consumption may be slowing. Globally, demand for physical gold remains stable, especially from Asia. Countries such as China and India continue to show strong interest in gold investments, with new year celebrations and the upcoming wedding season often triggering purchases. In fundamental analysis, geopolitical tensions in various parts of the world, including uncertainty in the Middle East, also contribute to gold demand. Investors are seeking protection in the form of physical assets to face increasing uncertainty. It is important to continue to monitor news related to interest rates, inflation and global market movements that can have an impact on gold prices. The next move in gold prices will largely depend on the Federal Reserve’s upcoming decision as well as economic data to be released in the coming week. Special attention should also be paid to market dynamics that can be triggered by movements in interest rates and global monetary policy. With the existing challenges, data-based and technical analysis is crucial for investors in making decisions in the gold market.