Gold Consolidates Above $4,300 Amid Fed and Middle East Uncertainty

Gold (XAU/USD) is trading in a narrow range above the $4,300 level, with investors monitoring both geopolitical developments and central bank policy signals.

The precious metal continues to attract safe-haven demand amid renewed tensions in the Middle East and doubts surrounding the proposed US-Iran peace agreement. At the same time, uncertainty about the Federal Reserve's next moves and other major central banks' policy decisions keeps the market cautious.

With no strong catalyst to push prices decisively higher or lower, gold is consolidating near current levels. Traders are watching for fresh headlines on diplomatic efforts or monetary policy shifts that could break the stalemate.