Gold continues to gain momentum, extending its bullish run into the third day as it nears a one-and-a-half-week peak. This uptrend is primarily driven by diminishing bets on additional Federal Reserve rate hikes, which reduces the appeal of the US dollar and bolsters gold's safe-haven status. The softening USD further amplifies gold's attractiveness as an alternative asset. Traders should monitor Fed communications and dollar movements closely, as any shift in monetary policy expectations or currency strength could influence gold's trajectory in the near term.