Gold Remains Trapped Around $4,500 Mark Amid US-Iran Tensions and Inflation Worries

From moneycheck.com

The price of gold continues to hover around the $4,500 per ounce level as market participants monitor ongoing diplomatic discussions between the United States and Iran. The yellow metal has failed to establish directional momentum beyond a restricted price band. Asian trading sessions on Wednesday saw spot gold quoted at $4,505.93 per ounce. Futures contracts advanced a modest 0.1% to reach $4,539.01 per ounce. However, as European markets opened, futures retreated 0.4% to settle at $4,483.80. For approximately ten days, the precious metal has remained locked within the $4,400 to $4,600 boundaries. Market ... (full story)