Gold prices are holding steady near an eight-week high as traders remain positioned to respond to the Federal Reserve’s impending decisions. Meanwhile, heightened tensions between Israel and Iran have added another layer of complexity to the market. Analysts speculate whether these geopolitical factors, combined with potential dovish signals from the Fed, might trigger a breakout in gold prices that could surpass the $3,500 threshold. Investors should be vigilant and prepared for volatility as events unfold, particularly as they can significantly influence trader sentiments in this precious metal market.