New Delhi, Aug. 19 -- Gold is likely to maintain its positive momentum on a weaker dollar and fading expectations of a near-term US rate hike, while crude oil is expected to remain cautiously bullish amid heightened geopolitical risks, with strong Gulf exports and weak demand likely to limit gains in Brent prices, pulling prices to USD 80/bbl, according to a Kotak Neo report.

Spot gold extended its two-week rally, rising 0.5 per cent intraday before paring gains to around USD 4,400 an ounce, following a nearly 1 per cent gain last week. Silver, on the other hand, outperformed, climbing 1.6 per cent to USD 65.73 an ounce.

"The key catalyst was softer U.S. retail sales and weaker consumer sentiment, which pressured the dollar and reduced ...