Goldsurrenders its modest intraday gains and drops to a fresh low since February 6, below the $4,800 mark heading into the European session. The US Dollar preserves the previous day’s strong gains fueled by the US Federal Reserve’s hawkishoutlook, which in turn, is seen as a key factor undermining the non-yielding yellow metal. However, heightened geopolitical uncertainties could offer some support to the safe-haven bullion and help limit further losses.
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