Скачать или смотреть Rising Tensions and Gold Price Surge: Iran’s Potential Retaliation and Market Impact

As tensions escalate with Iran potentially retaliating against Israel, gold prices are slowly rising, recovering about half of Monday’s losses. Following the death of Hamas leader Ismail Haniyeh last week, Iran has publicly vowed revenge, sparking fears of imminent attacks. This development has heightened concerns about a broader conflict in the Middle East, pushing investors towards safe-haven assets. Global conflicts and political instability often increase the demand for gold, as both governments and individuals seek to protect their wealth.

Gold prices remain within a clear multi-month range, testing and briefly breaking resistance levels before pulling back. The short-term outlook is mixed, with the 50-day moving average providing support and the 20-day moving average acting as short-term resistance. A series of higher lows persists, while a break above $2,485/oz would require a series of higher highs.

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