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macroAug 18, 2026, 7:50 AM

Gold Pulls Back After Failing to Clear Resistance

Gold gave back some of its Monday gains after another failed attempt to move above a temporary ceiling, with Middle East tensions and Fed rate uncertainty in focus.

XAUUSD

Gold extended its gains on Monday but is pulling back today after once again failing to emerge above a temporary ceiling.

The move comes amid Middle East tensions and uncertainty over Federal Reserve interest-rate policy.

No further details were provided in the source.

Source: FXStreet Forex News