Market focus on the direction of the Fed and the Russia-Ukraine war. Gold prices are expected to fluctuate sideways this week.

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Looking ahead to this week, Kitco’s gold survey shows that among the 10 analysts surveyed, only one was bullish and one was bearish on gold prices this week, with the remaining eight predicting sideways movement.

Kitco senior analyst Jim Wyckoff noted that the lack of new stimulus has weakened gold prices and that they will likely continue to move sideways.

RJO Futures senior market strategist Daniel Pavilonis said geopolitical dynamics are a factor influencing gold prices, and any agreement reached between Russia, Ukraine, and the United States could put downward pressure on gold.

Last Friday, Trump held a nearly three-hour closed-door meeting with Russian President Vladimir Putin in Anchorage, Alaska. Trump later described the talks as “very productive” at a joint press conference, but hinted that no final agreement had been reached to end the war in Ukraine.spotbet app

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