FXStreet·1 min read·hard
Iran tensions and Fed hike bets support USD
✦AI Summary
Gold prices are struggling to maintain recovery levels above $4,000 as market sentiment is bolstered by rising tensions in Iran and expectations of Federal Reserve interest rate hikes. The current fundamental environment remains bearish for the precious metal.
Gold (XAU/USD) struggles to capitalize on its modest intraday recovery beyond the $4,000 psychological mark and remains within striking distance of the monthly trough. Moreover, the bearish fundamental backdrop suggests that the path of least resista... [4319 chars]
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