The gold market is currently experiencing fluctuations as prices have slightly declined, influenced by easing geopolitical tensions and a decrease in demand for safe-haven assets. Despite these factors, the depreciation of the US dollar has helped to cushion further losses in gold prices. Investors and market analysts are keeping a close eye on the Federal Reserve’s monetary policy decisions, particularly regarding interest rates, as these could significantly impact gold’s trajectory. Additionally, any resurgence in geopolitical risks could alter current market dynamics. Experts in the field suggest that gold prices may follow a sideways to lower trend in the near term. They have identified a broad trading range for gold between 93,500 and 96,500. This range reflects the current market sentiment and the balancing act between various influencing factors, including economic indicators and global political developments. The Federal Reserve’s rate path remains a critical factor for investors, as changes in interest rates can affect the opportunity cost of holding non-yielding assets like gold. A potential increase in rates could lead to a stronger dollar, which might exert downward pressure on gold prices. Conversely, if geopolitical tensions were to escalate unexpectedly, it could drive investors back to gold as a safe-haven asset, potentially pushing prices higher. In conclusion, while the current outlook suggests a cautious approach to gold investments, market participants should remain vigilant and responsive to any shifts in economic policies or geopolitical landscapes that could impact gold’s performance.