Gold is expected to continue trading as a "hedging" between the price level of $2,336 and $2,286.
This week a series of conferences by several Fed committee members are scheduled to last until this Friday.
Investors are looking forward to new indicators in assessing the situation during the period of interest rate cuts.
Gold Market Sentiment
Fed committee member Neel Kashkari yesterday gave a statement that inflation in America is still at a worrying level due to the current geopolitical pressure.
The Fed is expected to cut interest rates if inflationary pressure is at a stable level.
Investors are now looking at a 50 basis point interest rate cut for this year and an implementation period of September 2024.
The main focus of investors will be on the "Consumer Sentiment" report that will be reported this Friday.
