Gold: Upside risks rebuild on tariff fears – OCBC

💡 DMK Insight

Gold’s recent rebound highlights a shift in market sentiment amid rising geopolitical tensions and tariff uncertainties. As traders reassess their risk exposure, gold often becomes a safe haven, especially with the potential for US-Iran tensions to escalate. This could lead to increased volatility in not just gold, but also in related assets like oil and equities. If gold continues to gain traction, watch for key resistance levels that could signal further upside or a potential reversal. Specifically, keep an eye on how gold reacts around its recent highs, as a break above could attract more bullish sentiment. Conversely, if geopolitical tensions ease, we might see a quick pullback. Here’s the thing: while gold’s rise seems justified, it’s essential to question how much of this is already priced in. If the market overreacts, a correction could be on the horizon. So, monitor the news closely and be ready to adjust your positions accordingly.