Gold's Safe-Haven Glow Fades as Momentum Takes Over

Gold traded mostly sideways over the past week despite U.S.–Iran tensions, signaling a softer safe-haven bid as the dollar strengthens and risk appetite returns. Prices briefly topped $5,000 but couldn’t sustain the move, with analysts saying the bull run may be losing steam and gold is acting more like a risk asset than a hedge. For gains to resume, gold would likely need to hold above $5,000 or endure a meaningful pullback with a catalyst; central‑bank buying and dollar dynamics continue to shape the outlook.