Gold prices are trading above 5,000 dollars.

Gold Prices Continue to Rise

As of Monday, gold continues its upward trend, reaching $5,026.04 per ounce, trading just above the $5,000 mark.

The Decline of the Dollar Supports Prices

In recent days, the US dollar has fallen to its lowest level since February 4th, making gold and other precious metals more attractive for buyers from abroad. This situation is particularly supported by low interest rates and the decline in the dollar.

Critical Employment Data Expected

Investors are eagerly awaiting developments related to the US employment data set to be announced this week. If these data do not meet expectations, they could support the upward movement of gold prices.

Expert Opinion: Interest Rate Cuts May Guide Gold

KCM Chief Analyst Tim Waterer stated, "Gold is gaining value; however, it is maintaining a cautious stance ahead of important employment data. The declining dollar and buying from the bottom are pushing prices back up."

Interest Rate Cut Expectations for 2026

Market analysts expect at least two 25 basis point interest rate cuts within 2026, with the first cut anticipated to occur in June. Gold, which does not provide interest returns, generally stands out as a more attractive investment vehicle in low-interest environments.

Overview of Other Precious Metals

Spot silver rose 4.3% to $81.11 per ounce, following an approximately 10% increase recorded in the previous session. On the other hand, spot platinum fell 0.2% to $2,091.54, while palladium increased 1% to $1,723.37.