Negotiations between senior U.S. and Russian officials have started to end the Ukraine war, but no clear results have been achieved.
After the meeting, U.S. Secretary of State Rubio said, “These negotiations will be long and difficult.”
Since the market expected a quick end to the war, geopolitical risks increased, leading to more gold purchases. As a result, gold reached a new all-time high.
However, since the U.S. and Russia will continue working towards ending the war, gold prices may not only rise.
We expect gold prices to continue increasing, but with ups and downs.
Gold-Dollar Price Range Forecast: 2960 – 2900
Note: This information does not guarantee profits. Please make your own decisions when trading.