Gold Dips as Hawkish Fed, Geopolitical Risks Weigh
Gold (XAUUSD) remains under pressure as markets factor in further Federal Reserve tightening and ongoing geopolitical tensions, supporting the dollar.
XAUUSD
Gold prices continue to face headwinds as traders assess the Federal Reserve's hawkish policy stance and persistent geopolitical uncertainties.
Expectations of additional rate hikes are bolstering the US Dollar, which in turn weighs on dollar-denominated gold. The metal has struggled to find a foothold amid a stronger greenback and risk-off sentiment linked to global tensions.
Source: FXStreet Forex News