The post Gold steadies above $4,500 amid geopolitical risks, hawkish Fed bets appeared on BitcoinEthereumNews.com.

Gold (XAU/USD) extends its sideways consolidative price move above the $4,500 psychological mark through the Asian session on Thursday, and for now, seems to have stalled the overnight rejection slide from the 100-day Simple Moving Average (SMA). The upside, however, remains capped amid hawkish central banks and a bullish US Dollar (USD). This, in turn, warrants caution before positioning for an extension of this week’s solid recovery from a technically significant 200-day SMA, around the $4,100 mark, or a four-month low. Despite US President Donald Trump’s ceasefire rhetoric, Iran publicly rejected claims of ongoing negotiations and said that there is no chance of a deal between the two adversaries. Moreover, Iran turned down a 15-point ceasefire proposal from the US and has reportedly set sweeping demands to wind down the widening Middle East conflict. Apart from this, the deployment of additional US troops in the region raises to the risk of further escalation of the conflict, which continues to underpin the USD’s global reserve currency status and, in turn, caps the upside for the Gold. Meanwhile, energy infrastructure in Iran remains under pressure. Adding to this, the effective closure of the Strait of Hormuz acts as a tailwind for Crude Oil prices, fueling inflationary concerns and bolstering bets for a hawkish stance from major central banks, including the US Federal Reserve (Fed). In fact, traders have nearly priced out the possibility of any further rate cuts by the Fed and are rapidly increasing bets for a hike by the end of this year. This triggers a fresh leg up in US Treasury bond yields, which further supports the USD and keeps a lid on the non-yielding Gold. Traders, however, seem reluctant to place aggressive directional bets and might opt to wait for further developments in the ongoing conflict in the…

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Filed under: News - @ March 26, 2026 5:19 am