The expert predicted the range of gold prices until the end of the week

In the short term, the market will remain highly volatile. By the end of the week, gold may trade in the range of $4.5–4.9 thousand per ounce, and silver — in the range of $68-80. Alexander Schneiderman, Head of Alfa-Forex's Customer Support and Sales department, told Izvestia about this on April 8.

"The decrease in geopolitical tensions in the Middle East traditionally has a restraining effect on the precious metals market, as the protective demand factor weakens. In conditions of de-escalation, some investors lock in profits in gold and silver, redistributing capital into riskier assets. Nevertheless, the current situation demonstrates a more balanced dynamics: the precious metals market remains in a corrective phase, but expectations of a gradual decrease in tension allow quotes to partially regain lost positions," the expert explained.

According to him, the fundamental demand for gold and silver remains stable. Interest in them is supported by both private investors and central banks, which continue to diversify reserves. According to him, this limits the decline in prices and helps to stabilize them in the medium term.

Against the background of falling oil prices and a weakening dollar, gold is showing growth — the price per troy ounce increased by 2.8%. This indicates the continued structural demand for defensive assets even with reduced geopolitical risks.

Golden fuse: twice as many Russians started investing in precious metals

How long will the boom last and is there a risk of a repeat of the January fall

Before that, on April 6, Schneiderman told Izvestia that the precious metals market remains in a correction phase, but quotes are gradually recovering amid expectations of a decrease in tensions in the Middle East. This week, gold may trade in the range of $4,500—4,900 per troy ounce, and silver - in the range of $68-80 per ounce.

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