Stock markets hit new all time highs as expected | FXStreet

Goldfalls for a fourth straight day, dropping near $4,550 as the US Dollarstrengthens. The Greenback is supported by rising expectations of a hawkish Federal Reserve following strong US inflation and Retail Sales data. Meanwhile, ongoing tensions between the US and Iran, particularly around the Strait of Hormuz, keep Oil prices elevated and add to market uncertainty.