Gold prices continued to rise on Tuesday, hitting a one-week high, boosted by dovish comments from Federal Reserve officials that raised expectations of interest rate cuts, and by safe-haven demand driven by tensions in Venezuela. Ilya Spivak, global macro director at Tastylive, said that while the comments from Fed officials certainly didn't have a negative impact, they didn't seem to fundamentally change market sentiment. This week is crucial, with Friday's jobs report due. Fed official Kashkari stated on Monday that inflation is slowly declining, but there is a risk of a "sudden rise" in the unemployment rate, increasing the likelihood of an interest rate cut. Investors currently expect at least two rate cuts this year. Spivak added, "The US-Venezuela situation highlights a broader trend of deglobalization." In a low-interest-rate environment and during periods of geopolitical or economic uncertainty, assets that don't generate returns typically perform better. (Jinshi)