Gold Maintains Gains with Ukraine Ceasefire Agreement on the Horizon
Gold prices (XAU/USD) remain buoyant, sustaining weekly gains as they trade above $2,915. Much of this upward momentum comes amid discussions of a potential ceasefire agreement concerning the ongoing conflict in Ukraine. As investors await the upcoming Consumer Price Index (CPI) data for February in the United States (US), market expectations lean towards a deceleration in inflation measures, influencing trading dynamics for gold. Sustained interest in gold as a stable asset during uncertain times highlights its value in investors’ portfolios. Market participants are advised to stay informed on geopolitical developments and economic indicators that could further impact gold prices.