Gold prices appear to be stabilizing after witnessing significant selling pressure in recent weeks. The precious metal, which had retreated amid a stronger U.S. dollar and expectations of prolonged higher interest rates, is now showing early signs of recovery. Renewed geopolitical tensions in the Middle East, particularly involving the United States and Iran, have revived safe-haven demand and helped gold defend key technical support levels. At the same time, strong central bank purchases, resilient physical demand from Asia, and expectations that the Federal Reserve may eventually shift toward a less restrictive policy stance are providing support.
Geopolitical Tensions Revive Safe-Haven Demand
