Gold edges higher as geopolitical tensions ease.

Gold edges higher as geopolitical tensions ease. Spot gold gained 0.8% to $4,441.01 per ounce following US pullback on Iran strikes, providing relief after ten consecutive days of losses. The metal had fallen to its lowest level since November 24, pressured by a strengthening dollar and diminished expectations for near-term Federal Reserve rate cuts. While crude oil held above $100 a barrel, higher interest rates continue to weigh on gold demand despite its traditional appeal as an inflation hedge. Silver rose 0.9% to $69.76, with platinum and palladium also advancing. Analysts identify support levels at $4,275 and $4,000, with resistance at $4,650 and $4,840. The dollar index edged up 0.1% as markets reassess geopolitical risks and monetary policy implications.