Gold Price Forecast: XAU Holds Above $4,670 as Trump Questions Fort Knox Reserves

Gold prices climbed above $4,720 per ounce on Friday, reaching their highest level since April 22 and heading toward a weekly gain of more than 2% as easing concerns over the US-Iran conflict improved sentiment across financial markets. Coming to Monday 11, May, Gold trades at $ 4,673.81, after a drop as Investors reacted to renewed comments from President Donald Trump about visiting Fort Knox to verify US gold reserves, adding fresh attention to bullion markets. The latest rally marked a sharp turnaround after gold lost more than 10% since the Middle East conflict began in late February. Earlier pressure came from surging oil prices that fueled inflation fears and raised concerns that interest rates could stay elevated for longer. Ceasefire Signals Calm Energy Markets Recent developments surrounding the US-Iran conflict helped stabilize investor expectations. Despite an exchange of fi