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macroAug 18, 2026, 3:49 AM

Gold slips as oil inflation risks and US-Iran tensions lift dollar

Gold attracted sellers on Tuesday after an early Asian uptick, with a stronger dollar pressured by oil-driven inflation concerns and US-Iran tensions.

XAUUSDDXY

Gold (XAU/USD) came under selling pressure on Tuesday, reversing a modest uptick seen earlier during Asian trading. The pullback stalled a two-day recovery from the $4,300 area.

The US dollar strengthened as oil-driven inflation risks and renewed US-Iran tensions supported demand for the greenback, which in turn weighed on gold.

Source: FXStreet Forex News