Mumbai, May 21 -- Gold hovered near $3300 in mid-Asia trades on Wednesday, edging closer to a two-week high as investors turned to safe-haven assets. MCX gold futures surged past Rs.95,500 per 10 grams, gaining over Rs.700. The rally was driven by multiple global concerns, including a weaker US dollar following the Fed's cautious outlook and Moody's downgrade of the US credit rating due to rising debt. Geopolitical tensions escalated after reports emerged that Israel is considering a strike on Iranian nuclear sites, sparking fears of conflict in the oil-rich Middle East. Meanwhile, President Trump signaled he may step back from direct involvement in the Russia-Ukraine ceasefire talks, adding to market uncertainty. With global risks rising a...