Gold Prices Held Around $3,985, Fed Fears Overwhelm War Impact

Gold prices traded at $3,985 on the morning of July 17, marking the steepest weekly decline in the past six weeks. While the U.S.–Iran conflict has pushed up oil prices and increased demand for safe‑haven assets, the pressure from higher interest rates has had a stronger effect. Expectations of further Fed rate hikes have pulled investors away from riskier assets, reducing demand for gold. The perception of gold as a safe haven has weakened; as market volatility rises, investors are adopting a more cautious stance. This is not investment advice.

📊 GOLD — Piyasa Yorumu

■ neutral · 55%

The stability of gold prices around $3,985 may be a positive signal for the Gold company in the short term. However, technical indicators show that the price remains below its 20 and 50-day moving averages, with a negative MACD indicating a downward trend. The RSI of 39 suggests that the market is in a balanced state, as it is not in the overbought or oversold region. It is expected that the price will test its short-term resistance levels within 1-3 days, but a significant change in direction is not anticipated. Therefore, it is challenging to predict a clear direction for short-term movements, but a slight decline or stability is highly likely.

RSI 14

39.0

MACD

-0.35

24h Δ

1.19%

📊 GLD — Piyasa Yorumu

▲ up · 60%

GLD closed at $3,999.74, with a 24-hour change of +0.58%. The RSI14 stands at 34.5, indicating oversold territory. MACD and MACD signal lines are in negative territory but converging, which could signal a reversal. Gold prices holding around $3,985 and Fed fears outweighing war effects may point to a short-term rally.

RSI 14

34.5

MACD

-2.07

24h Δ

0.58%

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