Lates News

Pepperstone research strategist Ahmed Asiri believes that gold may face dual pressure in the short term due to geopolitical tensions and high interest rates. He pointed out that the renewed escalation of geopolitical tensions between the US and Iran has weakened overall market confidence and dampened the recent rebound in gold. With long-term US Treasury yields remaining high and uncertainty about the Federal Reserve's policy path persisting, investors are still not willing to establish strong bullish positions in gold. He said that the reignition of tensions could lead to an increase in energy prices, potentially delaying the global anti-inflation process. However, compared to the significant selling pressure in recent weeks, the medium-term outlook for gold remains constructive.