Gold prices are expected to remain volatile with a mild downside bias this week as traders monitor US inflation data, Donald Trump’s China visit and US-Iran talks. Technical indicators suggest cautious sentiment, while analysts recommend a sell-on-rise strategy amid resistance near higher levels.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.