Gold under pressure as hotter US inflation and rising Treasury yields support the USD
Gold (XAU/USD) trades under pressure on Tuesday as fading hopes for a near-term breakthrough in US-Iran negotiations and hotter-than-expected US inflation data support the US Dollar (USD).
Gold prices are likely to decline further as stronger US inflation data and rising Treasury yields bolster the US Dollar. The market sentiment suggests continued pressure on XAU/USD in the near term.
Gold (XAU/USD) trades under pressure on Tuesday as fading hopes for a near-term breakthrough in US-Iran negotiations and hotter-than-expected US inflation data support the US Dollar (USD).
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