Gold futures extended their gains since the start of trading this week. Gold prices were the closest to testing the psychological top of 1800 dollars an ounce. The price of the yellow metal moved towards the resistance of $ 1788 an ounce before settling around the level of $ 1765 an ounce at the time of writing the analysis. The gains in the gold market came amid a weak US dollar and lower Treasury yields. However, with the US Federal Reserve expected to ease its tightening efforts, investors are once again flocking to gold and investors are covering their shorts.