Gold prices have stabilized after reaching a record high, buoyed by expectations of a US interest rate cut and a weakening dollar. Investors are closely monitoring Federal Reserve Chairman Powell's upcoming speech for further policy insights. According to Kelvin Wong, senior market analyst at OANDA, the short-term trend for gold remains bullish, though any immediate pullbacks are likely to be technical in nature. ANZ Bank's report highlights that factors such as slowing economic growth, rising inflation, shifting geopolitical dynamics, and a weakening dollar are sustaining strong investment demand for gold. This ongoing demand is also expected to support higher silver prices as the precious metals bull market continues.