Analyst: US Iran conflict triggers price pressure, gold price may face greater downside risk According to TechFlow news from Shenzhen, on Wednesday, May 27th, gold prices fell slightly for the second consecutive trading day. The resurgence of tensions between the United States and Iran has weakened hopes of a quick resolution to the conflict, leading to persistent inflation concerns and casting a shadow over the outlook for interest rates. Spot gold fell 0.3% at one point, to $4494.16 per ounce. Iran announced on Tuesday that the United States has attacked targets near the waters of the Strait of Hormuz, violating a ceasefire agreement and potentially complicating efforts to end the war. Lukman Otunuga, Senior Research Analyst at FXTM, said, "As market hopes for a peace agreement between the US and Iran shake, gold prices have fallen back and are approaching the support level of $4450. In addition, due to price pressure caused by the conflict, market expectations for the Federal Reserve to raise interest rates are steadily rising, which also puts further downward pressure on gold prices. Ultimately, if there are more signs that price pressure is rising, it may further strengthen market bets that the Federal Reserve will maintain interest rates at a higher level for a longer period of time, which will put gold at greater downside risk