Gold is struggling near $4,800 in Asia on Tuesday, snapping two consecutive days of gains.  

Financial markets are in cautious mode at the beginning of the new week, with investors wondering what will happen next. Spot Gold traded as low $4,737 before bouncing, now battling to retain the $4,800 mark.

The EUR/USD pair retreated slightly below the psychological level of 1.1800 as focus remained on the rising tensions between the US and Iran. If dropped to 1.1765, down sharply from this month’s high of 1.1850.

Gold is back in the red at the start of the week on Monday, flirting with the $4,800 barrier, following an impressive rally witnessed on Friday.  

Global markets move between optimism and uncertainty, driven by geopolitical expectations and risk sentiment. Analysis of price behavior, macro context, and key market drivers.

The GBP/USD finished this past week of trading near the 1.35177 ratio, this after testing a high within the 1.36000 vicinity earlier on Friday.