Gold holding the $ 1.200 level

It looks like gold is holding a position above the USD 1,200 level.

I am not sure it can hold this level. The geo-economic situation with a tariff war starting and increasing tenses in the Middle East, which could be in favor for the metal, as it could pick up its role as safe haven.

On the other side we have a strong US Dollar en extreme low by Central Banks regulated interest rates, which have a negative influence on the metal.

So are we at some kind of tipping point?

I am not sure, but the price could go both sides, either up or down. My feeling is that the geo-political tenses could normalize as they usually do, which could give the dollar a push further upwards. This will be negative for gold.
So a lot of if’s, buts, then, else and other possibilities. .

Be wise, investigate and make your own decisions.

Enjoy.