#VietnamCryptoPolicy
Gold has returned to strong increases, with the price of the spot ounce reaching approximately $3,428.9 – the highest in over two months, surpassing the levels seen at the last peak on April 22. The American futures contract also rose to around $3,448, amid anticipation of resistance at the psychological level of $3,500.
The main driver behind this jump is the geopolitical escalation between Israel and Iran, as investors turned to gold as a safe haven following a wave of tensions in the Middle East.
In the short term, momentum is expected to continue as the market awaits the Federal Reserve's decision, while monitoring whether gold can maintain its position above the $3,500 level.
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