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Gold (XAUUSD) Dives as Geopolitical Inflation Fears Boost Rate Hike Expectations

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Gold prices declined as geopolitical tensions between Iran and the US fueled inflation fears, bolstering the case for higher interest rates.
  • Market focus shifts to upcoming US jobs data and Federal Reserve commentary, which continue to pressure non-yielding assets like gold in a high-rate environment.
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Stored market data

XAUUSD price history

4311.30 -9.42% over the displayed period

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