Gold (XAUUSD) & Silver Price Forecast: Tariffs vs. Fed Policy – Gold's $5,250 Break?

Group 1: US-Iran Tensions and Trade Tariffs - The US-Iran situation remains tense, with President Trump indicating potential military action against Iran to prevent nuclear weapon development [1] - Trade tensions are escalating, with the US imposing a 10% tariff on various imports and considering an increase to 15%, which may provoke retaliation from other nations and harm investor confidence [2] Group 2: Federal Reserve Policy and Market Reactions - The market anticipates smaller interest rate cuts from the Federal Reserve, as recent meeting notes do not suggest a strong need for rate reductions, with some officials even hinting at possible rate increases if inflation persists [3] - The strength of the US dollar is limiting gold's price increase amid these economic conditions [3] Group 3: Gold Market Performance - Gold is on track for its fourth consecutive weekly gain, driven by market uncertainty and increased demand for safe-haven assets [4] - Upcoming US Producer Price Index (PPI) data and speeches from Federal Reserve officials are expected to influence future interest rate expectations and gold prices [4] - A forecast indicates that gold prices may find support at $5,155, with a target of $5,330 [5]