Gold prices have risen for the eighth consecutive session, with a price rise of nearly $4,771 per ounce, marking a near three-week high and on track for a third consecutive weekly gain. The strength of the U.S.-Iran ceasefire is also driving the surge, as Israel continues to strike targets in Lebanon, and there is no sign Iran has lifted its blockade of the Strait of Hormuz. The weaker dollar has helped gold regain its footing, but there is concern about the stability of the ceasefire and potential inflation. If the ceasefire breaks down and energy costs surge again, inflation could rise further, forcing the Federal Reserve to keep rates higher for longer. Goldman Sachs predicts a stable period for gold before rebounding in the second half of the year if avoided any Fed hikes are avoided.