The expert predicted a volatile week for the gold market

The market may face increased volatility in the coming week. The price of gold will fluctuate in the range of $3900-4650 per troy ounce, and silver — in the range of $ 55-75 per ounce. This was announced to Izvestia on March 23 by Spartak Sobolev, head of the Alfa-Forex Investment Strategy Research Department.

According to him, the precious metals market has moved to a decline amid rising inflation risks and expectations that global central banks will maintain high interest rates. The high-interest rate policy pursued, in particular, by the US Federal Reserve System, puts pressure on investors' interest in gold and silver. It was expectations of monetary policy easing that had previously contributed to the growth of quotations to January highs.

"In the current conditions, speculative demand for precious metals is weakening, which are traditionally sensitive to changes in interest rates and inflation expectations," Sobolev said.

The expert stressed that further dynamics will largely depend on the signals from regulators and macroeconomic statistics, which will determine the expectations of market participants regarding future monetary policy.

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On the same day, it was reported that the price of gold futures fell below $4,250 per troy ounce for the first time since December 11, 2025. At the same time, the silver market is also suffering significant losses. Futures for this metal for delivery in May 2026 were trading at $61.8 per troy ounce in the morning hours, which corresponds to a drop of 11.29% relative to previous figures.

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