Gold prices remain firm above $2,700, supported by a softer US Dollar and heightened geopolitical risks. The precious metal is benefiting from safe-haven demand as global uncertainties persist, while a weaker dollar makes gold more attractive for international buyers. Traders are closely watching the developments in the Middle East and potential escalation in conflicts, which could further bolster gold’s appeal.
Market sentiment suggests gold may hold its ground if geopolitical tensions remain elevated. Additionally, expectations of the Federal Reserve maintaining interest rates at current levels contribute to a subdued dollar, indirectly supporting gold prices. Analysts predict that without significant shifts in economic policy or geopolitical developments, gold could retain its position near these levels.
