📌 Key Highlights
• Gold edged higher amid renewed U.S.–Iran conflict risks, with spot briefly pushing toward $4,986 before turning volatile.
• #FOMCMinutes showed a divided Fed, reducing expectations for aggressive rate cuts and keeping pressure on non-yielding assets.
• Thin liquidity due to China’s Lunar New Year continues to amplify intraday swings, while traders now focus on upcoming U.S. GDP and PCE data.
📊 Market Outlook
Gold is currently trading around the $4,960–$4,980 zone, holding near key psychological resistance at $5,000.
Short term bias remains neutral to slightly bullish as long as geopolitical tensions support safe-haven demand.
A confirmed break above $5,000 could reopen upside toward $5,040–$5,100.
Failure to hold above $4,950 may expose the market to renewed selling pressure toward $4,900 and lower.
Volatility will likely increase around PCE inflation data and further headlines on U.S.–Iran developments.
