Gold rose 0.33% to $4,227 as Iran peace hopes offset a hawkish Fed tone.
Bull case
- Central-bank buying continues at a strong clip (MEDIUM)
- Support level holding through the week (LOW)
Bear case
- Iran peace hopes reduce the geopolitical risk premium (HIGH)
- Fed hawkishness pressures the rate-cut timeline (HIGH)
Levels that matter: Support $4,222 / Resistance $4,308.