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Gold forecast: Upside risks persist amid Middle East tensions

From forex.com

Gold may have cooled from its recent highs but make no mistake—the precious metal is far from out of the spotlight. After flirting with a record high on Friday, gold began the week on the back foot, retreating slightly in the London session. Yet, the bigger picture hasn’t changed much: risks remain tilted upward, underpinned by geopolitical tensions, long-term inflation concerns, and continued central bank buying. Against this backdrop, our near-term gold forecast remains bullish. At the weekend fighting continued between Israel and Iran, and although world leaders have called for ceasefire, the conflict continues ... (full story)

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  • Category: Technical Analysis