The performance of yellow metal has shown a sustained momentum in February, along with a surge witnessed in the last week of the month, owing to global influence of the US Fed rates. While the gold prices hover around INR 62,000, this gradual progression is building the steam for the prices to scale new-highs, probable cross the INR 70,000 mark down the year. While there are talks of rate cuts by the US Fed in the near future driven with the larger goal of bringing the rate down to 4% bracket by the end of this year, we foresee gold prices to continue strengthening in the back-drop of global economic events and consumption demands.