Gold prices are holding firm as geopolitical tensions in the Middle East continue to shape market sentiment, even as investors remain cautious ahead of key signals from the US Federal Reserve. The precious metal has attracted renewed interest in recent sessions, with spot prices consolidating near recent highs. Yet despite heightened uncertainty, price action suggests a market still searching for direction rather than reacting in a straightforward manner. The safe haven conundrum Gold is traditionally viewed as a safe haven asset during periods of geopolitical instability but recent price behaviour highlights a more complex reality. Prices were near $5,100 before tensions began, yet remain closer to $4,600 despite ongoing uncertainty. This sequence presents what can be described as a safe haven conundrum: If gold was a pure safe haven, it would have gone up on day one. It didn’t.…