Gold Market News

Gold prices continue their historic rally, driven primarily by heightened geopolitical tensions between Israel and Iran. Key highlights:

• Soaring to record highs: U.S. gold recently surged over 30% in 2025, peaking above $3,420/oz, as geopolitical jitters pushed investors toward safe-haven assets kitco.com+13barrons.com+13fxstreet.com+13.

• Volatile sentiment: While Middle East conflicts sustained upward momentum, improving U.S.–China trade data and robust economic indicators are tempering gains .

• Intra-day technical levels: Kitco analysis identifies support at $3,297 and resistance around $3,450, with the 14-day RSI in bullish territory (~61), suggesting room for further upside isabullion.com.

• Dip in physical demand: World Gold Council reports that physical gold demand in China cooled in May, though central banks continue accumulating reserves finance.yahoo.com+3gold.org+3economictimes.indiatimes.com+3.