Gold Prices Hold Losses Near $4,020 as Middle East Tensions, Fed Uncertainty Weigh
Gold price (XAU/USD) remained under pressure for the second consecutive day, trading around $4,020 per ounce during Asian hours, as investors weighed Middle East tensions and Federal Reserve rate uncertainty.
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Gold extended its decline for a second straight session, with spot prices hovering near $4,020 per troy ounce in Asian trading. The precious metal faced headwinds from ongoing Middle East geopolitical risks and lingering uncertainty over the Federal Reserve’s monetary policy path.
Market participants are monitoring developments that could influence safe-haven demand and the US dollar, which has kept gold under pressure. No major recovery was observed as traders remained cautious.
Source: FXStreet Forex News