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Gold (XAUUSD) Slides as Rising Geopolitical Tensions Boost Dollar and Rate Hike Bets

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

News Summary

  • Gold prices retreated as rising U.S.-Iran tensions bolstered the dollar and oil prices.
  • The resulting inflation concerns have reinforced expectations for a 'higher-for-longer' interest rate environment, curbing demand for non-yielding bullion despite ongoing geopolitical instability.
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Stored market data

XAUUSD price history

4324.70 -9.26% over the displayed period

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