Gold price today, Tuesday, February 10: Gold edges higher for third consecutive day

Core Viewpoint - Gold prices are experiencing fluctuations, with analysts predicting a potential rise in prices due to ongoing demand and geopolitical factors [2][3]. Group 1: Current Gold Prices - Gold April futures opened at $5,041.20 per troy ounce, down 0.8% from the previous closing price of $5,079.40 [1]. - The one-year gain for gold as of January 29 was 95.6% [5]. - Recent price changes include a weekly increase of 7.7%, a monthly increase of 12.7%, and a yearly increase of 76% [8]. Group 2: Future Predictions - Analysts from BNP Paribas and Wells Fargo predict gold could reach between $6,000 and $6,300 per ounce by the end of 2026 [2]. - Ongoing demand from central banks, including Poland's plan to purchase 150 tons of gold and China's continuous purchases, is a significant driver for future price increases [3]. Group 3: Market Dynamics - Gold prices tend to rise when interest rates fall, as lower rates enhance the appeal of gold compared to interest-bearing assets [4]. - Geopolitical uncertainty and a fluid policy environment in the U.S. are contributing to safe-haven demand for gold [3].