Gold Price Forecast: XAU/USD holds key 20-day EMA above $3,350, US-Iran tensions escalate

  • Gold price (XAU/USD) exhibits a sluggish performance above $3,350 during European trading hours on Monday. The precious metal trades slightly lower even though tensions between the United States (US) and Iran have escalated after Tehran vows to retaliate for striking three nuclear facilities, which was aimed to dismantle country's ambitions.