Gold rose to around $3,440 per ounce on Monday, staying near April’s record highs, as escalating Middle East tensions increased safe-haven demand. Weekend clashes between Israel and Iran raised fears of broader conflict.
Markets now look ahead to upcoming central bank meetings, especially the U.S. Federal Reserve. While rates are expected to remain unchanged, investors are watching for signals on future cuts. Last week’s weaker inflation data has increased expectations for a potential rate cut by September.
Traders are also awaiting details on President Donald Trump’s upcoming tariff decisions, expected in the coming weeks.
Resistance is seen at $3,430, while support holds at $3,392.
Markets now look ahead to upcoming central bank meetings, especially the U.S. Federal Reserve. While rates are expected to remain unchanged, investors are watching for signals on future cuts. Last week’s weaker inflation data has increased expectations for a potential rate cut by September.
Traders are also awaiting details on President Donald Trump’s upcoming tariff decisions, expected in the coming weeks.
Resistance is seen at $3,430, while support holds at $3,392.
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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.