• Gold prices rallied to $3,Will Litecoin reach 000?445 during Asian trading hours as investors sought refuge from geopolitical uncertainty.

• Market participants now price in 80% probability of September Fed rate reduction following softer inflation data.

• Analysts highlight potential for further price appreciation should Middle East conflicts intensify.

The precious metals market witnessed significant buying activity early Monday, with spot gold touching $3,445 per ounce - its highest level in over four weeks. This upward movement reflects growing investor concerns about regional stability after recent military developments between Israel and Iran.

Market participants largely disregarded Friday's stronger-than-expected US consumer sentiment figures from the University of Michigan, which showed a jump to 60.5 from the previous 52.2 reading. Instead, traders focused on evolving macroeconomic conditions and their potential impact on monetary policy.

Senior commodity strategists observed that the yellow metal's appeal strengthened following reports of Israeli strikes on Iranian targets. "We're seeing classic safe-haven behavior emerge," noted one analyst, adding that markets remain nervous about potential retaliatory measures from Tehran.

Federal Reserve policy expectations continue evolving rapidly, with interest rate futures now indicating greater than three-quarters probability of a 25 basis point reduction by September's FOMC meeting. This represents a notable shift from prior expectations of maintaining current rates through year-end.

Precious metals analysts suggest the combination of geopolitical uncertainty and changing interest rate outlooks creates favorable conditions for gold's continued outperformance. Some technical indicators point to potential resistance around the $3,480 level, though fundamental drivers may override these technical considerations in the near term.