CoinWorld News reports that strategists at State Street Global Investments stated in a report that as long as market consensus and the Federal Reserve's forward guidance point toward future easing policies, gold prices could rise. Currency markets and foreign exchange traders may be waiting for a practical peace agreement to reprice Fed rate cuts. They believe that as long as the forward guidance indicates rate cuts are imminent, gold can perform well even if the Fed keeps interest rates unchanged. However, if the outlook for monetary policy continues to shift hawkish, it could pose an adverse headwind for gold, at least in the short term. Additionally, if oil prices remain at $100 per barrel as the new normal, it could also limit the momentum of gold prices rising toward $5,000 per ounce.

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