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XAU/USD. Analysis and Forecast
Gold continues to rise, breaking above
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Gold continues to rise, breaking above the round $4,700 level and setting a new all-time high.The main driver is the prolonged Russia–Ukraine conflict, which continues to sustain geopolitical tensions, while also offsetting the decline in civil unrest in Iran that had reduced the likelihood of U.S. military intervention. U.S. President Donald Trump has backed away from his earlier threats of military action against Iran following the harsh suppression of protests in Tehran.Additional pressure on markets—and support for gold prices—comes from
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Irina Yanina,
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