Gold has seen a third consecutive week of increases, spurred by recent record highs and indications of rate cuts by the Federal Reserve. The spot gold price slightly decreased to $3,034.09 per ounce but had hit an all-time high of $3,057.21 on Thursday, marking a 2% gain for the week. U.S. gold futures remained steady at $3,042.60. Analysts believe that gold has strong fundamentals supporting further upward trends and may not face an immediate correction but could dip to the $3,000 range before continuing its upward trajectory. The Fed kept its rates unchanged, but hinted at two possible rate cuts before the year ends. Geopolitical tensions, including the Gaza conflict, trade uncertainties, and rate cut expectations, have propelled gold to multiple record highs this year, with the metal thriving in low-interest rate environments. Other precious metals such as silver, platinum, and palladium experienced minor declines and were on track for weekly losses.