Gold rose to around $3,440 per ounce on Monday, hovering near all-time highs reached in April, as growing tensions in the Middle East drove investors toward safe-haven assets.
Israel and Iran launched fresh attacks over the weekend, heightening fears that escalating battle could trigger a broader regional conflict.
Markets are now looking ahead to the US Federal Reserve’s policy meeting later this week.
While the Fed is widely anticipated to keep interest rates unchanged, investor focus will be on any forward guidance regarding the timing and scope of future rate cuts.
Recent economic data — particularly last week’s softer-than-expected inflation report — has bolstered expectations that the central bank could begin easing policy as early as September.
Investors are also awaiting further clarity on US President Donald Trump’s tariff plans, as he would be setting tariff rates on trading partners in the coming weeks.
GOLD chart
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