Gold: how strong is bullish momentum? XAUUSD weekly analysis for 01.04.2024 – 07.04.2024

The gold rate reached a new all-time peak last week despite the dollar's strengthening. A Fed rate cut isn't ruled out, but the central bank's further decisions will be subject to macro statistics.The US Department of Labor report for March and PMI indices will be published this week. These events may affect the dynamics of the XAUUSD exchange rate. However, technical and fundamental analysis indicates that the uptrend will likely continue.Key takeaways Last week, US government bond yields conti