GOLD HOLDS STEADY AS CEASEFIRE TENSIONS KEEP MARKETS CAUTIOUS
By: Safiya Abdulrahim Dabban
Gold prices stayed mostly flat as investors watched the fragile U.S.–Iran ceasefire and awaited key U.S. inflation data. Spot gold edged up slightly, while futures dipped, reflecting uncertainty over interest rates and global tensions.
The Federal Reserve signaled inflation is still above target, raising the possibility of further rate hikes. At the same time, ongoing Middle East conflict and rising oil prices continue to shape market sentiment.
Analysts expect gold to trade within a narrow range for now, as traders hold back amid unclear geopolitical outcomes. Despite recent declines, longer-term outlook remains supported by persistent global risks.