Gold prices decline as traders weigh US-Iran tensions
Spot gold fell 0.4% to $4,486.26 as investors assessed fragile U.S.-Iran relations. Markets are awaiting Federal Reserve comments and inflation data for clues.
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Gold fell 0.4% to $4,486.26 as investors weighed a fragile ceasefire between the United States and Iran. Prices consolidated after Tehran accused Washington of violating the truce with strikes near the Strait of Hormuz, complicating the situation. Traders are shifting focus to Federal Reserve policy clues and inflation data to determine the metal's long-term trajectory.
