Gold price prediction: What's the gold rate outlook for this week?

AI Summary
Gold prices are expected to trade with a lower bias in the coming days according to Manav Modi, Senior Analyst at Motilal Oswal Financial Services Ltd. Last week, gold experienced its biggest weekly gain in five years due to global uncertainty and trade tensions before sharply falling as investors booked profits. Market sentiment turned cautious amid prospects of cease-fires between Russia-Ukraine and Israel-Hamas, though geopolitical risks remained elevated. This week, the Fed policy meeting is scheduled where a 25 bps cut is anticipated by the market. Any change in tone from recent US-China positivity could cap prices further. The price range for gold is expected to be between 1,18,000 and 1,25,000.
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This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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