Gold prices have continued to rise at the start of the week after hovering in the $1945 area as covid cases continue to increase in the Shanghai region despite the lockdown announced by the Chinese government.
While there is a lack of major macroeconomic reports today, many investors will be keeping an eye on the geopolitical situation and the ongoing Russia-Ukraine conflict which continues to cause uncertainty along with speeches from several FED members in the second part of the day. Furthermore, the US earnings season starts this week with major financial institutions being the first to report their results ahead of the Easter holiday after an unpredictable first quarter of 2022 which saw many impactful events across the world with oil and gold prices nearing their all time highs.
Read More: Gold Consumption Highest Among Indian Middle-Income Group
Today, gold is trading around $1952 and could continue to be volatile throughout the week as it remains to be seen if it will be able to extend the upward move or if it will pullback once again.
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