Gold Prices Struggle as Mixed US-Iran News and Fed Hawkishness Weigh
Gold started the week higher but struggled to maintain gains as conflicting US-Iran headlines and hawkish Federal Reserve remarks capped upside. Traders now await US payrolls data for policy clues.
XAUUSD
Gold prices edged up at the start of the week, though the move lacked conviction. Buyers hesitated as markets assessed contradictory signals from US-Iran tensions, while a generally hawkish tone from Federal Reserve officials limited further safe-haven demand.
With geopolitical headlines providing no clear catalyst, attention is shifting to the upcoming US employment report. The figures are expected to offer fresh clues on the Fed’s rate path, which could drive the dollar and influence gold’s next move.
Source: FXStreet Forex News