Gold Price Forecast: XAU/USD holds above $4,800, retains the positive bias

Spot Gold consolidates above the $4,800 mark on Wednesday, marginally lower on a daily basis. Action is limited across the FX board as market players remain in wait-and-see mode ahead of fresh Iran war developments XAU/USD Current price: $4,802Hopes that the Middle East crisis will soon end undermine demand for the US Dollar.Crude Oil prices consolidate near weekly… Spot Gold consolidates above the $4,800 mark on Wednesday, marginally lower on a daily basis. Action is limited across the FX board as market players remain in wait-and-see mode ahead of fresh Iran war developments XAU/USD Current price: $4,802Hopes that the Middle East crisis will soon end undermine demand for the US Dollar.Crude Oil prices consolidate near weekly lows, reflecting investors' optimism. XAU/USD retreats from fresh weekly highs, holds above $4,800.Spot Gold consolidates above the $4,800 mark on Wednesday, marginally lower on a daily basis. Action is limited across the FX board as market players remain in wait-and-see mode ahead of fresh Iran war developments… For traders, this matters because commodity headlines often feed directly into inflation expectations, sector rotation and currency pricing. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.