Gold prices decreased slightly as risk appetite improved. They have traded within the same range for almost three months but remain vulnerable to changes in expectations. The upcoming Trump-Putin meeting could impact gold; a cease-fire may reduce gold's appeal, while a lack of progress could drive investors back to safe-haven assets. Despite this, expectations of lower interest rates could support gold prices. Anticipations include three rate cuts this year and potential cuts in 2026, prompting investors to monitor economic data for insights on the Federal Reserve's influence.
Gold prices have been trading sideways for almost three months, with slight declines as risk appetite improved, suggesting potential changes in investor sentiment.
The upcoming meeting between Presidents Trump and Putin could yield a cease-fire, affecting gold prices. A peaceful resolution may decrease gold's appeal.
Expectations of lower interest rates may continue to support gold prices. Markets are anticipating three rate cuts this year, influencing investor behavior.
Investors are closely watching data releases, including jobless claims and PPI data, to assess the Federal Reserve's impact on gold's attractiveness.
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