Gold price forecast: Will gold price hold above $5,200 or fall below $5,000 — here’s how Fed interest rate expectations and the Iran war could move gold prices

Gold price dropped 3% this week to about $5,032, after touching a record $5,420 during the US–Iran war, putting the gold price forecast under intense focus. Rising U.S. Treasury yields near 4.29% and a stronger U.S. Dollar Index above 100.40 are pressuring gold prices. Higher yields increase the opportunity cost of holding bullion. Meanwhile, oil prices above $113 are fueling inflation fears. Traders are closely watching the $5,046 support level. If safe-haven demand returns, analysts say gold could...