Fed Pause Boosts Gold Prices Amidst Geopolitical Tensions

The price of gold has surged by 2.93% to $4,462 after the US Federal Reserve indicated it may pause interest rate hikes.

This move has increased investor demand for gold as a safe-haven asset amidst ongoing geopolitical tensions in the Middle East.

The conflict has amplified flows towards hard assets, and expectations of a Fed pause have lowered the opportunity cost of holding gold.

Momentum indicators are mixed, with some signals pointing to overbought buyer dominance and others indicating emerging downside pressure.