Gold Prices Rise in U.S. Trading, Analysts Warn Middle East Uncertainty May Continue to Support Dollar and Pressure Gold

05/05 16:00

On May 5, the market is focusing on the fragile ceasefire situation between the U.S. and Iran, as well as the impact of rising energy prices on inflation and interest rates, leading to an increase in gold prices during U.S. trading hours. Analyst Fawad Razaqzada stated, 'Unless we see substantial progress towards stability in the Gulf region, high oil prices may continue to support U.S. short-term yields, thereby supporting the dollar. This combination is unfavorable for gold's short-term outlook.' (Jin Shi)

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