🚨 MARKET FOCUS: Gold prices surge back above $4,500 per ounce after crashing to a four-month low.
The biggest catalyst was President Trump’s announcement on Friday to extend the deadline for military strikes on Iranian energy infrastructure by 10 days (to April 6). This extension temporarily lowered the "imminent war" premium, causing a massive short-covering rally.
On March 23, Gold hit a structural floor near its 200-day Moving Average (~$4,090). When it failed to break below this level, institutional "buy-the-dip" algorithms kicked in, driving prices back above $4,500 level.