Gold struggles to capitalize on the previous day’s strong gains and oscillates in a range above $4,600 during the Asian session. The US Dollar attracts some buyers following the overnight slump to an over one-week trough amid the risk of a further escalation of the US-Iran conflict, and undermines the commodity. However, reviving Fed rate cut bets should keep a lid on USD gains and act as a tailwind for the non-yielding bullion.
About The Author
