Gold continues to consolidate amid the US-Iran stalemate and the more hawkish Fed

From investinglive.com

Gold has been stuck in a consolidation for almost a month now despite lower real yields, looser financial conditions and a weaker US dollar. The main thing that’s been capping the bullish momentum has been the more hawkish Fed's stance. This is unlikely to change anytime soon as even if the US-Iran war officially ends and the Strait of Hormuz is reopened, the increase in economic activity might keep inflation higher for longer and force the Fed to hold rates steady. Nonetheless, the reopening of the Strait should give the market a boost in the short-term as it would ease some inflation worries and bring back rate ... (full story)