FXStreet·2 min read·hard
Gold falls as Iran war lifts Oil prices, Fed rate hike bets
✦AI Summary
Gold prices declined as the US dollar strengthened and investors reacted to rising oil prices driven by the conflict in the Middle East. The market is also adjusting to shifting expectations regarding Federal Reserve interest rate hikes.
Gold (XAU/USD) loses ground on Thursday, snapping a four-day winning streak as the US Dollar (USD) rebounds, while the widening war in the Middle East drives Oil prices higher. At the time of writing, XAU/USD trades around $4,050 after hitting a two-... [2856 chars]
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