Gold held firm above $3,200 per ounce, supported by growing demand from individuals and institutions, amid rising tensions between major countries such as the United States and China, and India and Pakistan. The report also provides detailed coverage of central bank decisions, the downgrade of the U.S. credit rating, and expectations surrounding the Federal Reserve's interest rate decision in June. This analysis helps investors understand the factors affecting gold movements and make informed decisions based on a clear analytical perspective. The May analysis serves as a valuable reference for anyone interested in gold prices and future scenarios in light of global market fluctuations.