Gold price is still trading in a relatively narrow rangemost people are having neutral predictions on XAU
The US economy is slowing down, inflation is weak and the US Federal Reserve (Fed) is less dovish. These impacts reduce demand for gold, which could lead to a widespread sell-off.
If you are holding gold, there is no reason to sell because the price is still above 2,200 USD/ounce.
The market may have few transactions, which means the risk of large fluctuations. Geopolitical developments such as escalation in Ukraine or the Middle East could disrupt the market, Grady said.
