"Gold Prices Await Fed Cuts Signal, Silver Demand Surges"

Gold prices are holding steady but may need a clear dovish signal from the Federal Reserve to break above $2000 per ounce, according to analysts at Heraeus. The recent rally in gold, driven by safe-haven demand amid Middle East tensions, may see some downside risk as the "war premium" dissipates. Rising risk appetite and resistance around $1,980 are also factors to watch. However, sustained central bank purchases and the potential boost in industrial silver demand from increased ethylene oxide production are supporting factors. Central banks have added 800 tonnes of gold to their reserves this year, and if Q4 is strong, net central bank purchases could exceed last year's record.