Gold Price Analysis: Neutral Stance Continues with Limited Gains Expected

After weeks of trading sideways, analysts warn that the gold market is ready for a significant move, which could be in either direction. The Fed's "hawkish pause" and promise of two more rate hikes has confused the markets, but gold is holding up well. Markets are currently pricing in one more rate hike in July only, but if that changes, gold will react. Precious metals investors are also monitoring central bank gold buying activity, which has slowed in the second quarter.