Technically, spot gold needs to break above resistance at the 200-day moving average - around $1,910 an ounce - for a more pronounced recovery.
Discussions will likely focus on whether the central bank should maintain in the long term the level of equilibrium interest rates higher than they were a decade ago. If the long-term equilibrium interest rate scenario is supported by a high inflation environment, then gold price may be sought as a hedging tool and attracting investors as the price has dropped to an attractive level.