Gold prices have rebounded strongly from $3343 in the past hour, rising about $25.
I think there is some demand for safety into the weekend on the risk that the US enters the war in Iran. There could also be some technical bids after the earlier low of $3340 held.
Most global markets are pricing in some chance of a US-Iran war but it’s tough to pin down how much, or to what extent the US gets involved or Iran retaliates
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