The Fed signaled they want to be cutting rates and there’s a geopolitical risk concern that continues t markets around these wars, both in Ukraine and in the Middle East, which is gold supportive,” Ilya Spivak, head of global macro at Tastylive said. “Gold prices are in a rangebound trade for most time this month and a break above current resistance level around $2,223 per ounce could see prices heading towards the $2290 mark