Gold firms as dollar softens and Middle East tensions simmer
Spot gold gained 0.6% to $4,381.32 as a subdued dollar and renewed US-Iran tensions supported prices. Investors now await US inflation data for the next rate move.
Gold Market
Spot gold gained 0.6% to $4,381.32 as a subdued dollar and renewed US-Iran tensions supported prices. Investors now await US inflation data for the next rate move.
Gold fell over 1% to $4,364 on Tuesday as US Treasury yields rose to their highest since 2007, pressuring the non-yielding metal. The dip came as energy prices gained on stalled US-Iran talks.