17.03.202612:15:39UTC+00Gold Steady as Geopolitical Risks Offset Rate Decision Caution

Gold pared its modest early gains on Tuesday, trading roughly flat around $5,010 per ounce as investors balanced persistent geopolitical tensions against caution ahead of a series of major monetary policy decisions this week. The metal continues to be underpinned by solid safe-haven demand amid elevated uncertainty over the conflict involving Iran. Risks of a broader regional escalation have intensified after Iran launched new attacks on the UAE on Tuesday, pushing the confrontation into its third week. At the same time, rising energy prices have revived inflation fears, leading markets to dial back expectations for interest rate cuts later this year. Major central banks in the US, Eurozone, UK, and Japan are widely expected to leave policy rates unchanged, with investor focus firmly on policymakers’ forward guidance and their strategy for managing the economic fallout from the worsening conflict.