Gold Prices Fluctuate Amid US-Iran Tensions and US Economic Outlook
Gold prices showed mixed movement amid ongoing US-Iran tensions and economic concerns. Clashes near the Strait of Hormuz challenged hopes for a peace deal, with US Secretary of State Marco Rubio indicating negotiations could take a few days. While inflation fears and potential higher interest rates weighed on gold, a weaker US dollar provided some support. Investors also awaited US Federal Reserve comments and upcoming economic data for guidance on monetary policy amid cautious market sentiment.