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Gold (XAUUSD) Rebounds on Iran Ceasefire Hopes Amid Fed Rate Uncertainty

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

News Summary

  • Gold prices rebounded over 1% as U.S.-Iran ceasefire hopes weakened the dollar and oil.
  • Despite the technical bounce, bullion remains pressured by persistent inflation and a hawkish Federal Reserve stance on interest rates, capping long-term gains for precious metals.
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Stored market data

XAUUSD price history

4311.30 -9.42% over the displayed period

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