Institution: Gold price returns above $5000, Investors should buy on dips.

Institutions stated that as bargain hunters returned to the market after experiencing a week of extreme volatility, spot gold once again broke through the key level of $5000 per ounce. Supported by the overwhelming victory of Japanese Prime Minister Sanae Takaichi in the elections, spot gold rose by 1.6% in early trading. This result strengthened market expectations of loose fiscal policies and continued to pressure the yen, benefiting the price of gold. As of last Friday's close, the price of gold has fallen by about 11% from its all-time high on January 29, but is still up 15% for the year. Traders are also closely watching the upcoming release of US economic data to better assess the direction of the Federal Reserve's policy. The January non-farm payrolls report, scheduled to be released on Wednesday, is expected to show signs of stabilization in the labor market, while inflation data is planned for release on Friday.