US Treasury Secretary Bessent announced the latest details of the economic blockade against Iran, aiming to severely sever Iran’s economic lifeline. This includes sanctions or exclusion from the dollar system for any country or entity assisting Iran with liquidity or oil purchases. The US will also impose potential secondary sanctions on Iran’s foreign-related digital assets, technology, aviation, shipping, and gold.

If investors are concerned that this US economic action against Iran will trigger a new crisis in the Middle East, they may increase their efforts to cash out in the gold market to avoid related risks, putting downward pressure on gold prices.

Gold prices may fluctuate between $4,714 and $4,612 in the short term. Pay close attention to potential entry opportunities at the higher end of this range. There is room for short-term pullbacks; $4,734 can be considered a key support level. Be sure to manage risk accordingly.

Risk Warning: This article is for market analysis purposes only. Price ranges and levels mentioned are for market observation and do not constitute investment advice. Precious metal prices are highly volatile; please make independent and prudent decisions and manage your own risk accordingly.

Gold Price 1-Hour Chart:

Ferris Kwok

Chief Analyst
Success Finance Group

Email: ferris.kwok@successfn.com