Last weekend, the meeting between U.S. and Russian leaders ended without a ceasefire.
In the future, a meeting including President Zelensky is expected, but it still seems far away.
As geopolitical risks are becoming lower overall, gold prices are likely to stay heavy and not rise much.
However, before the Jackson Hole meeting this weekend, it is difficult for traders to take a clear position, so gold may continue moving within a small range.
Gold–Dollar forecast range: 3,300 – 3,400 USD
Note: This information does not guarantee profits. Please make your own decisions when trading.