# [24H] Gold Prices Remain Firm or Edge Higher on Chinese Buying and NATO Border Tensions

*Issued Thursday, May 7, 2026 at 9:46 AM UTC — Hamer Intelligence Services Desk*

**Issued**: 2026-05-07T09:46:43.978Z (2h ago)
**Expires**: 2026-05-08T09:46:43.978Z (22h from now)
**Category**: ECONOMIC | **Confidence**: 70% | **Impact**: MEDIUM
**Risk Direction**: volatile
**Affected Regions**: Global, Major financial centers (New York, London, Shanghai)
**Affected Assets**: Gold, U.S. dollar index, Japanese yen, Defense sector equities
**Permalink**: https://hamerintel.com/data/forecasts/8533.md
**Source**: https://hamerintel.com/forecasts

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## Prediction

Over the next 24 hours, gold prices are likely to remain supported or edge higher (on the order of 0.5–1.5%) as markets digest continued Chinese reserve accumulation and heightened NATO–Russia and U.S.–Iran risk. The combination of China adding gold for an 18th consecutive month, drone strikes on NATO territory, and uncertainty around the U.S.–Iran nuclear talks supports safe-haven demand. Some profit-taking is possible if Iran's response sounds moderately constructive, but structural central-bank demand will limit downside. Volatility may increase during U.S. trading hours as headlines on Iran and Latvia develop.

## Drivers

- China extending gold reserve buying and raising FX reserves
- Latvian drone incidents and EUCOM HIGH threat level
- Warnings highlighting safe-haven flows (gold, FX) tied to Red Sea and Gulf risk
- Emerging trend of BRICS and sanction shocks eroding Western financial leverage