Despite the lack of significant easing of tensions in Iran, Iranian Parliament Speaker Qassem Ghalibaf stated that the Iranian government has conveyed its conditions for ending the blockade of the Strait of Hormuz to the United States. Furthermore, the Houthi rebels acknowledged having engaged in dialogue with the US, and US President Trump stated that the US has maintained communication with the Houthis, who have agreed not to engage in combat with the US.

These developments in Iran should boost investor interest in buying gold at lower prices in the short term, potentially driving a rebound in gold prices.

Gold prices may fluctuate between $4,310 and $4,409 in the short term. Investors should pay close attention to potential entry points at the lower end of this range, as there is room for a short-term rebound. $4,290 can serve as a key support level; appropriate risk management is essential.

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.

Gold price chart (1 hour):

Ferris Kwok

Chief Analyst
Success Finance Group

Email: ferris.kwok@successfn.com