Gold continues to dominate commodities trading, reaching a peak of $3,500 per ounce in April and currently trading around $3,320. Investors are pouring money into gold-backed ETPs due to uncertainties surrounding Trump’s trade tariffs, economic policies, and global geopolitical risks. While JP Morgan projects gold to exceed $4,000 within a year, some analysts are growing cautious. LBBW expects prices to reach only $3,000 by year-end, citing increased mining supply and already high speculator positions. HSBC’s technical analyst warns that gold’s price has diverged significantly from its 200-week moving average, suggesting potential consolidation ahead.

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Gold Drops to $4,681 — Iran Ceasefire Expires Today
Gold has fallen to $4,681 as the Iran ceasefire expires today and the Fed chair fight stalls in the Senate. With two live scenarios and institutional uncertainty growing, here’s what the price action actually means for your allocation.





