Institution: Gold prices may test and break through the latest high.

Chris Weston, head of research at Pepperstone, stated that the improvement in position conditions, dynamic capital flows providing support, falling real yields, a steepening yield curve, rising expectations for Federal Reserve interest rate cuts, and continued central bank purchases have collectively driven gold prices back up to around $4,400 per ounce. The current question is whether the market has enough momentum to break through $4,500 per ounce and ultimately challenge the highs of nearly $4,800 per ounce seen in April and May. He added that no one knows the answer, but when technical breakthroughs align with favorable macro fundamentals and strong capital flow dynamics, trends often extend further than many expect.