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Trump Follows Ford Noke; Gold Price Prediction: XAU Holds Steady at $4,670
CoinWorld News reports that gold prices are holding steady around $4,670, with Trump’s comments on Fort Knox reigniting attention to U.S. gold reserves, while the easing of tensions with Iran also supports market sentiment for gold. On Friday, gold prices broke through $4,720 per ounce, reaching the highest level since April 22, and are expected to rise over 2% this week. As of May 11, the trading price of gold was $4,673.81, as investors reacted to Trump’s remarks about visiting Fort Knox to verify U.S. gold reserves, leading to renewed market focus on gold. This rebound marks a sharp reversal after gold prices fell more than 10% since the Middle East conflict in February. Although clashes occurred earlier this week, both Washington and Tehran stated that the one-month ceasefire remains in effect. Trump reiterated his interest in visiting a military facility in Kentucky during an interview with reporters to personally verify whether the country’s gold is still stored in the vault.