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Gold Price Today: XAU/USD Holds $5,045 Amid US-Iran Tensions & Fed Uncertainty

Executive Insights Gold Price hits $5,047.50 on Feb 4, 2026, cementing a breakout above the $5,000 psychological level. US-Iran tensions are the primary driver of today’s ‘flight-to-safety’ rally. JP Morgan forecasts gold could reach $6,300 by Q4 2026. Technical support is now established at $4,995; resistance lies ahead at $5,107. Central banks continue to be net buyers, supporting the long-term…