Gold gains above $5,150 as US tariff uncertainty drive demand, eyes on US-Iran talks

💡 DMK Insight

Gold’s recent gains near $5,165 reflect rising geopolitical tensions and tariff uncertainties, and here’s why that matters for traders: With the US-Iran situation heating up, gold often acts as a safe haven, attracting investors looking to hedge against market volatility. This rally could signal a shift in sentiment, especially as traders digest potential impacts on broader markets. If tensions escalate, we might see gold push higher, potentially testing resistance levels that could lead to further gains. Keep an eye on the $5,200 mark as a key psychological level. On the flip side, if diplomatic efforts ease tensions, we could see a quick pullback. For those trading gold, monitoring the news cycle around US-Iran relations and tariff discussions will be crucial. A sudden shift in sentiment could lead to rapid price movements. Watch for any announcements that could influence market perception, as they might trigger significant volatility in the short term.