Gold edged back up to around $3,330, recovering from a two-week low. While the Israel-Iran ceasefire brought temporary calm, a US intelligence report showed that Iran’s nuclear progress was only briefly disrupted, raising concerns about renewed tensions.
Fed Chair Powell adopted a cautious stance, saying rates would likely stay unchanged for now, though a July cut remains possible. Diverging views among Fed members on inflation and job data may limit gold’s upside in the near term.
Resistance is seen at $3,355, while support holds at $3,285.
Fed Chair Powell adopted a cautious stance, saying rates would likely stay unchanged for now, though a July cut remains possible. Diverging views among Fed members on inflation and job data may limit gold’s upside in the near term.
Resistance is seen at $3,355, while support holds at $3,285.
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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.