Gold prices are expected to maintain their upward momentum though some consolidation could set in ahead of the US Federal Reserve's policy decision on September 17, analysts said.
Traders will focus on the trade inflation data to gauge the impact of tariffs, inflation numbers from major economies including UK and Euro zone, along with monetary policy meetings of Bank of England and Bank of Japan which will provide more guidance for bullion prices, they added.
"Gold prices continued their positive momentum and closed higher for the fourth straight week, however, the pace of upward momentum slowed with some consolidation seen during mid-week. The price moves of more than 10 per cent over past four-weeks has pushed investors/ traders on the back-foot as they have turned cautious and are reluctant to add fresh longs at current prices.
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