Gold steadies around $4,100 following the previous day’s downfall as traders opt to wait for the release of FOMC Minutes, due later this Wednesday. The outlook will influence the near-term US Dollar price dynamics and provide some meaningful impetus to the non-yielding bullion. In the meantime, fresh US strikes on Iran lift Oil prices to a two-week top, reviving inflation fears and supporting the safe-haven buck. This should cap the upside for the precious metal.
About The Author
