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After U.S. attacks on Iran, gold eyes $3,450 Monday, $3,500 this week
Of course that assumes that the U.S. Treasury and Federal Reserve don't launch a corresponding attack on the monetary metals. At least this one won't be a surprise attack.
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By Arsian Butt
FX Leaders, Dubai
Sunday, June 22, 2025
Gold is once again back in the highlights following the United States' surprise strikes on three major Iranian nuclear sites over the weekend. The global atmosphere has turned deeply risk-averse. As the world braces for a potential escalation, traders and investors are eyeing gold as a haven amid geopolitical chaos.
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President Donald Trump called the strikes a "spectacular military success," while global leaders issued sharp reactions. Iran has vowed retaliation, calling the attack a "grave violation" of international law. The United Nations is urging de-escalation, yet markets are already signaling a heightened demand for safe-haven assets.
Heading into Monday's open, gold is positioned for a potential gap up, with traders targeting a short-term move to $3,450 and possibly $3,500 later in the week. Such moves are not uncommon in periods of geopolitical shock, especially when the possibility of war and nuclear tensions becomes real. For now, gold appears primed to benefit from panic hedging and safe-haven flows. ...
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