Recently, the Middle East situation has been fluctuating back and forth, with news of blocking shipping lanes one day and allowing passage the next, changing daily, causing very frequent market sentiment swings.

Everyone initially thought that geopolitical tensions would lead to a rise in gold prices, but this time the market has moved completely in the opposite direction. When the Strait situation tightens, crude oil prices surge, and the market anticipates that the Federal Reserve will delay interest rate cuts, causing the US dollar and US Treasury yields to rise in tandem. Gold itself has no interest income, so safe-haven funds shift into dollar assets, putting downward pressure on gold prices.

Additionally, since gold prices had already risen significantly earlier, many institutions chose to take profits at high levels and exit, resulting in insufficient buying support in the market. Selling pressure continues to appear, and the overall market is weak. Next week, gold prices have a chance to test the 4,000 level.

However, it cannot be certain that the market will directly break below this level. 4,000 is a widely recognized key support level, and central banks around the world are still accumulating gold to provide long-term support. Once the price retraces to this level, a rebound and correction are likely. Moreover, negotiations between the parties could ease at any time. If geopolitical risks cool down and market expectations of rate cuts return, gold prices could quickly #我的Gate交易时刻 stop falling and rebound.