Gold price holding steady, traders weighing Trump's ultimatum on strikes against Iran.

After two consecutive days of decline, the gold price stabilized. Traders are evaluating the latest threat from US President Trump to destroy Iranian infrastructure, as well as the impact of a long-term war on inflation and economic growth. This war has raised the possibility of central banks around the world delaying interest rate cuts, or even raising them, and since gold itself does not yield interest, this could put pressure on the gold price. Since the outbreak of the Middle East conflict at the end of February, the gold price has fallen by about 12%; investors selling off gold positions to make up for losses in other areas has also weakened gold's traditional safe-haven appeal.