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fxJul 7, 2026, 6:51 PM

Gold Stalls Below $4,200 on Inflation Fears, Middle East Tensions

Gold (XAU/USD) slipped 0.44% on Tuesday as it failed to breach the $4,200 level amid rising US inflation expectations and renewed Middle East hostilities.

XAUUSD

Gold (XAU/USD) retreated 0.44% on Tuesday, unable to break above the $4,200 resistance level. The pullback comes as US consumer inflation expectations rise and reports of attacks in the Strait of... heighten the risk of a resumption of hostilities in the Middle East.

Traders are weighing the impact of higher inflation on Federal Reserve policy against safe-haven demand from geopolitical uncertainty. The yellow metal remains under pressure near the key psychological barrier.

Source: FXStreet Forex News