Gold (XAU/USD) price posts modest gains of 0.35% on Tuesday, set to end the month with losses of over 11% after retreating from monthly highs around $4,500 towards $4,000, weighed by overall US Dollar strength. The XAU/USD pair trades at $4,026 after hitting an eight-month low of $3,942 earlier in the day. The US-Iran war was the main reason behind Gold’s collapse in June, propelling Oil prices higher and underpinning the US Dollar. Although they have signed a Memorandum of Understanding (MOU) to end the conflict and Oil prices have eased, the yellow metal failed to gain traction amid expectations that major central ... (full story)