Gold prices are likely to remain firm in the coming week, driven by investor focus on the US Federal Reserve's monetary policy outcome, combined with weakness in the rupee, according to analysts.
The precious metal's bias remains positive amid expectations of an interest rate cut and sustained central bank purchases, they added.
"Gold is expected to remain on positive side as traders will be focusing on the US Federal Reserve's FOMC meeting outcome and the Fed Chair Jerome Powell's commentary as well, while on the data front, the focus will be on China's trade and inflation data and the US jobs data," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said.
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