Gold remains on the back foot through the Asian session;and currently trades around the $4,470 region, just above its lowest level since March 30, touched earlier this Wednesday amid a bullish US Dollar. Investors remain skeptical about a potential US-Iran peace deal. This, along with inflation fears and expectations for a more hawkish US Federal Reserve, helps the USD to preserve its recent strong gains near a six-week high and weighs on the commodity.
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