DeepSeek Team

Summary

Gold ETF is influenced by mixed signals: recent price surges over 2% due to geopolitical jitters and anticipation of Fed minutes, but also faces pressure from a 3% drop linked to US-Iran talks boosting USD demand. The market shows volatility with prices rebounding above $4,900, indicating short-term uncertainty around Fed guidance and geopolitical developments.

Key Points

• -Monitor Fed minutes for clues on interest rate path and its effect on gold prices
• -Track geopolitical developments, especially US-Iran talks, for USD and safe-haven flow impacts
• -Observe gold price movements around $4,900-$5,000 levels for breakout signals

Market Impact

Expected directional impact on Gold ETF: neutral bias with moderate volatility, as conflicting signals from geopolitical risks and USD strength create a balanced short-term outlook, potentially leading to price swings around key support/resistance levels.

Key Events

• *Gold surges over 2% on geopolitical jitters despite Fed rate-path split
• *Gold plunges over 3% as US-Iran talks boost USD demand
• *Gold rebounds above $4,900 ahead of Fed minutes after recent drop