Gold gaps lower as higher-for-longer Fed outlook weighs on sentiment
Gold (XAU/USD) opens the week with a bearish gap as persistent uncertainty surrounding the US-Iran war continues to fuel Oil-driven inflation fears, maintaining pressure on central banks to keep borrowing costs elevated.
Gold prices are likely to continue declining as the Fed's higher-for-longer stance reinforces bearish sentiment. Increased inflation fears driven by oil prices may further pressure gold.
Gold (XAU/USD) opens the week with a bearish gap as persistent uncertainty surrounding the US-Iran war continues to fuel Oil-driven inflation fears, maintaining pressure on central banks to keep borrowing costs elevated.
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