Gold holds steady as markets await Powell's comments on Iran war impact

10 articles · Updated · Reuters · Apr 28

Spot gold rises 0.1% to $4,598.45 per ounce, rebounding from its lowest since April 2, while U.S. gold futures reach $4,612.10.
Investors anticipate the Federal Reserve will keep rates unchanged, with attention on Powell's remarks and central bank decisions from the ECB, Bank of England, and Bank of Canada.
Stalled Iran peace talks and energy supply concerns drive market caution, while China increases gold imports and oil prices surge nearly 3% amid ongoing Strait of Hormuz disruptions.

Will gold's 'confidence hedge' status eventually overpower the strong dollar's pressure?

Are central bank gold purchases signaling a long-term shift away from the US dollar?

With gold prices near $4,600, is the market too crowded for a sharp pullback?

Can the Federal Reserve's policies combat inflation driven by a geopolitical supply shock?

How deeply will the predicted 2.9% drop in global GDP growth affect ordinary households?

How will the Hormuz closure's impact on fertilizer supply chains trigger a global food crisis?