Pairs Spotlight – Gold, USD/CHF, AUD/USD, GBP/USD, DAX, BTC/USD, Silver, EUR/USD

Gold Market Weekly Overview

During the past week, gold prices initially declined but found strong support near the $4,600 mark, which sparked a reversal and pushed values above $4,800. Shifts in U.S. interest rates remain a key factor for gold’s movement—when rates decrease, gold tends to strengthen, and the opposite is also true.

Chart

Additionally, news that Iran would allow ships to navigate the Strait of Hormuz freely during the ceasefire contributed to another surge in gold prices. In summary, the current environment suggests that any short-term dips are likely to attract buyers, and the upward momentum may persist.