Gold remains depressed below $4,700 as US-Iran tensions and inflation fears underpin USD
Gold (XAU/USD) kicks off the new week on a weaker note and remains on the defensive below the $4,700 mark through the Asian session amid the emergence of some US Dollar (USD) buying.
Gold prices are likely to remain under pressure as the US Dollar strengthens amid ongoing geopolitical tensions and inflation concerns. A continued defense below the $4,700 level may lead to further declines in XAU/USD.
Gold (XAU/USD) kicks off the new week on a weaker note and remains on the defensive below the $4,700 mark through the Asian session amid the emergence of some US Dollar (USD) buying.
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