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Gold Holds Steady as Markets Await Fed Minutes

Cautious sentiment keeps prices near $3,230

Gold prices held steady in early trading on Monday, May 20, 2025, hovering around $3,233 per ounce. Investors across global markets are showing caution ahead of the release of the U.S. Federal Reserve’s meeting minutes, expected to shed light on the future path of interest rates. The yellow metal has shown limited movement over recent sessions, with traders waiting for a clearer signal from policymakers. Uncertainty remains over whether the Fed will maintain higher interest rates for longer or begin signaling a shift towards easing amid signs of a slowing U.S. economy.

Meanwhile, a weaker dollar and persistent geopolitical tensions continue to provide mild support for gold. However, the lack of strong momentum suggests prices could remain range-bound until key data or statements shift market expectations.

Outlook:
If the Fed minutes suggest a dovish stance, gold could gain traction and attempt to move above the $3,250 mark. Conversely, a more hawkish tone may trigger mild downside pressure, potentially pushing prices toward the $3,200 area.