Gold rose toward $3,380 on Thursday, recovering earlier losses as safe-haven demand grew amid the escalating Israel-Iran conflict, now in its seventh day. Reports say Israel hit over 20 sites near Tehran, including nuclear and missile facilities, while the U.S. may join the strikes, raising fears of a broader war.
Meanwhile, the Fed held rates steady Wednesday but signaled two possible cuts this year, despite high inflation and slowing growth. The move followed renewed pressure from President Trump for deeper cuts.
Resistance is seen at $3,370, while support holds at $3,316
Meanwhile, the Fed held rates steady Wednesday but signaled two possible cuts this year, despite high inflation and slowing growth. The move followed renewed pressure from President Trump for deeper cuts.
Resistance is seen at $3,370, while support holds at $3,316
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.