Gold prices continued their positive trajectory in MCX, registering gains of over 400rs in morning trade at 69400. Although some minor profit booking occurred, with prices dipping towards 69150, the overall trend remained strong. This sustained rally, which has seen an increase of over 3000rs since March 27th when prices were at 66000, is fueled by geopolitical tensions and ongoing US-China trade issues. Additionally, expectations of interest rate cuts being implemented from June 2024 are contributing to the bullish sentiment. As long as prices remain above 68500 for the week, the outlook for gold remains positive.