Gold prices remain stable and trading volume is light during the holiday.

The price of gold is basically stable, with light trading during the holiday period as the market digests the results of the Federal Reserve meeting and the conflict in the Middle East. The spot gold price is currently holding steady at $3,368 per ounce. Israel and Iran continue to attack each other, with Trump stating that he will decide whether the US will attack Iran within "two weeks." Tammy Da Costa of FXStreet has stated that this safe-haven metal is fluctuating within a narrow range as trading decreases, but the potential risks remain significant. Geopolitical tension remains the main driving factor for gold's upward movement, but after the Federal Reserve released the latest news, the US dollar regained strength, putting pressure on gold. Powell's unexpectedly cautious tone suggests that the tightening of monetary policy may be greater than expected. Interest-free gold often has a negative correlation with interest rates.