$Gold - main 2606(GCmain)$On Thursday (April 16), spot gold prices held steady around $4,790 per ounce, nearly unchanged, after hitting a one-month high in the previous session. While US gold futures fell slightly by 0.3% to $4,808.30, the overall market sentiment has gradually recovered from the slump in March.
This change is not an isolated event, but is closely linked to the dramatic turn of events in the Middle East—after the outbreak of the war between the US and Israel against Iran, gold prices were initially pressured by inflation concerns and tightening liquidity.
However, President Trump's ceasefire declaration and positive signals from US-Iran peace negotiations are injecting strong momentum into the gold market. Investors are beginning to reassess: if the war ends, energy prices fall, inflationary pressures ease, and the Fed's interest rate cut path becomes clearer, gold's attractiveness will be highlighted again. On Friday (April 17) in early Asian trading, gold prices fell after encountering resistance and are currently trading at $4,775. Continue to watch the important support level of $4,750!
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