Gold prices have surged to a new high, driven by a weakening dollar and expectations of Federal Reserve rate cuts in 2026. The precious metal's appeal has increased as investors seek safe assets amid a cautious market sentiment. Ahmed Al-Ahli from Pepperstone highlighted that the low-interest-rate environment enhances gold's attractiveness. The climb towards $4,500 is seen as a market acceptance rather than speculative activity. Meanwhile, traders are also monitoring altcoins as capital flows shift.