Gold bulls believe that a sharp fall in gold prices on Tuesday is likely to attract buyers. The dollar index rose by 0.5% to a more than three-month peak as traders reassessed prospects for interest-rate cuts by global central banks, particularly in oil-importing countries that face a surge in energy prices. Despite this, Robert Gottlieb, former head of precious metals at Koch Supply and Trading, believes that the fundamentals remain unchanged. The fall to around the $5,100 level will attract demand from Asia as safe-haven buying continues, a precious metals trader said. BPP Paribas has raised its average 2026 gold price forecast by 27% to $5.620.