GCAP GOLD Says Gold Near Two-Week High on Safe-Haven Buying

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GCAP GOLD notes that gold prices are trading near their highest level in two weeks, supported by a weaker US dollar amid hopes for US-Iran talks and trade uncertainty as the Trump administration prepares to announce new import tariffs by this Friday. Meanwhile, tensions in the Middle East remain elevated due to ongoing attacks and the Houthi naval blockade. On the technical front, gold prices are maintaining their bullish structure, with key support at 4,075 to 4,050 dollars and resistance at 4,140 to 4,150 dollars. For Thai gold, the recommendation is to buy on dips near 65,000 baht and to take partial profits if the price fails to break through 66,800 to 67,000 baht.

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