Gold price prediction today: Gold prices are likely to trade with a higher bias this week. Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd shares his outlook on gold prices and strategy for gold investors:Gold prices started last week on a lower note as easing of geopolitical tensions and shifting monetary policy expectations drove market sentiment. Some ease off was sparked by news that US tariffs on Swiss gold were reversed after the White House clarified the reports were false, leading to a retreat in prices. Meanwhile, optimism around a possible ceasefire between Russia and Ukraine, fueled by President Trump’s meetings with both leaders, weighed on the metal’s safe-haven appeal. Market participants were trading cautiously ahead of the Fed Chair Powell’s speech at the Jackson Hole symposium, where he struck a dovish tone, reinforcing expectations of a September rate cut. Governor Powell mentioned that there could be a possibility to change tracks from here as labour market could loosen from here, however he also talked about the tariff impact on inflation. Probability of a 25-bps cut slipped from 99% to 84% and then again above 90% after Jackson Hole supported bullion prices.This expectation slipped below 90% again over the weekend, capping some gains on the higher side. Meanwhile, President Trump added pressure by demanding Fed Governor Lisa Cook’s resignation and warning of potential sanctions on Russia. Domestically, USDINR volatility and a stronger dollar capped gold’s upside initially, while softer Chinese inflation data also dragged industrial metals lower.This week we have the economic calendar busy, with US consumer confidence, GDP and Inflation which could give further clarity and direction with respect to rate cuts and bullion moves. If we continue to see higher inflation and resilience in the economy, a rate cut could once again be a question mark. There could be some profit booking from the higher side, however, amidst the surprisingly dovish tone we could see continued upside momentum in Gold and Silver as market participants are pricing in rate cuts for the September meeting.Gold Stance: Sideways to higher99,000 to 1,01,000, sustained moves above the same could take prices to all-time highs.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)