Gold price forecast after Iran strikes: $5,450 level in focus as markets reopen
Gold closed up 0.8% at $5,230.56 an ounce Friday as U.S.-Israeli strikes on Iran escalated Middle East tensions and boosted safe-haven demand. Markets are shut for the weekend, with traders bracing for volatility when COMEX gold futures reopen Sunday. U.S. gold futures for April settled 1% higher at $5,247.90. Key U.S. economic data and Fed signals are due next week.