International gold prices successfully rebounded, recovering to the $4,200-per-ounce level. Market attention is focused on three variables that will determine the future direction of gold prices: U.S. moves to ease sanctions on Russia, the Federal Reserve's (Fed) interest rate policy, and changing developments surrounding a war between the United States and Iran.

Gold Futures Record $4,216.30 per Ounce... Up 1.43% from Previous Session

As of the New York Mercantile Exchange on the 10th, Korea time, the price of gold futures for December 2026 delivery recorded $4,216.30 per ounce, up $59.30 (1.43%) from the previous session. Considering that gold prices had recently been pushed below the $4,200 level, whether this upward trend will continue may depend on changes in external economic and political uncertainties.

Russia Sanctions Relief... Impact on Commodity Markets Draws Attention

In particular, the impact that U.S. moves to ease sanctions on Russia will have on international commodity markets is a point of interest. If conditions for Russian energy supply improve, changes could emerge in international oil prices and inflation outlooks. This could indirectly affect gold prices by influencing rate expectations and the value of the dollar.

Fed Rate Path and Iran War Developments Also Key Variables

U.S. monetary policy is another important factor to watch. As gold is a non-interest-bearing asset, it tends to react sensitively to movements in market interest rates and the value of the dollar. If the possibility of additional rate hikes by the Fed comes to the fore, it could weigh on gold prices, but if tightening concerns ease, it could serve as a factor supporting prices.

The situation surrounding a war between the United States and Iran is also worth watching. Ultimately, whether international gold prices will pursue further gains on the back of the recovery above $4,200 or whether volatility will expand again requires comprehensive monitoring of U.S. policy toward Russia, the Fed's rate decisions, and how Middle East developments unfold.

[※ This article was written for the purpose of providing information on international gold futures prices and market variables, and does not constitute a recommendation to invest in any specific financial product. Gold prices may fluctuate depending on exchange rates, interest rates, and geopolitical conditions.]