$XAUTEmas Closed last week with a somewhat varied picture, making it useful to consider the following scenarios alongside the actual price data.

On Friday, gold eased around $XAUUSDdan ending the week down about 1.5%, painting a slightly different picture from a “strong bull close,” but it’s also true that gold managed to hold above the level of $PAXGPada Monday. Prices rose to $4,200, then fell sharply to around $4,145, consistent with the liquidity-hunt scenario early in the week.

This picture needs to be read together with the macroeconomic backdrop. US-Iran tensions increased throughout the week, with a wave of attacks over two days on Iran followed by reciprocal retaliation, pushing oil prices higher and reviving inflation concerns, which reinforces expectations that the Fed may keep policy rates tight for longer.#PreIPOsSeason2OpenAISubscription