Gold struggles to build on the overnight bounce from its lowest level since November 2025 as geopolitical risks stemming from an attack on a cargo vessel in the Strait of Hormuz support the US Dollar. Meanwhile, mostly in-line US inflation data eased bets for Fed rate hikes this year, capping the USD and helping the non-yielding bullion to hold above $4,000 during the Asian session. Nevertheless, the commodity remains on track to record losses for the fourth consecutive week.
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