Gold (XAU/USD) Holds Near $4,219 as Fed, Iran Talks and Oil Risks Drive Market Mood
From fxleaders.com
Gold (XAU/USD) has maintained its upward trend, but these gains are not that big, and it could also be short-lived because a possible truce deal between the US and Iran is improving market sentiment, which has a negative impact on safe-haven assets like gold. On the other side, many traders expect that the US Federal Reserve will keep interest rates high, which tends to underpin the US dollar and make gold weaker. At the time we are writing this article, gold is trading at $4,219 and showing a modest gain of just 0.10 percent on the day. Middle East Tensions Leave Impact on Gold Prices US President Donald Trump said ...
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