Gold eases from three-week top as Iran tensions and hawkish Fed bets support USD
Gold (XAU/USD) retreats from a three-week high, touched during the Asian session on Tuesday, as traders await the release of the latest US consumer inflation figures before positioning for the next leg of a directional move.
Gold prices are likely to continue retreating as market participants assess the impact of hawkish Fed signals and geopolitical tensions. A stronger USD may further pressure XAU/USD in the short term.
Gold (XAU/USD) retreats from a three-week high, touched during the Asian session on Tuesday, as traders await the release of the latest US consumer inflation figures before positioning for the next leg of a directional move.
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