The gold market had little movement because the U.S. market was closed for Presidents’ Day.
However, there was noticeable selling of gold as investors became more willing to take risks due to talks between the U.S. and Russian leaders about a possible Ukraine ceasefire.
Meanwhile, in Europe, concerns are growing because EU and NATO leaders will meet on the 17th. This could cause gold prices to keep falling for now.
But if the New York stock market goes up today, there is a high chance that gold prices will also rise.
Expected Gold/Dollar Range: 2940 – 2860
Note: This information does not guarantee profit. Make your own decisions when trading.