Gold Prices: Critical Levels Amid Geopolitical Risks and Fed Pressure

Gold prices rose above the $4,500 level, driven by Iran ceasefire news and a decline in the dollar index. However, rising Treasury yields and expectations of the Fed's hawkish stance keep pressure on the precious metal. In the market, safe-haven demand for gold has eased somewhat as geopolitical risks diminish, while concerns that the Fed will continue raising interest rates weigh on prices. These two opposing dynamics are causing a volatile trend in gold prices. From a technical perspective, the $4,360 level stands out as a key support, while the $5,000 level serves as strong resistance. Investors assess that a breakout of these critical levels could signal the start of a new trend. In the coming period, clues about the Fed's monetary policy and geopolitical developments will be decisive for the direction of gold prices. Market participants are closely monitoring statements from Fed officials and US economic data. This is not investment advice.