Gold price recoils by some 2% as the US Dollar rises after US President Donald Trump revealed that the war on Iran would last from two to three weeks, pouring cold water on hopes for a quick resolution to the Middle East conflict. The XAU/USD trades at $4,659, after sliding from a daily peak of $4,800. The US Dollar Index (DXY), which tracks the buck’s value versus six currencies, is up 0.40% up at 99.95, a tailwind for Bullion prices, which are US Dollar-denominated. Late Wednesday, Trump signaled a quick end to the Iran operation but warned that, absent a deal, Washington could target Iran’s energy and oil ... (full story)