π Gold stalls gains amid Fed hike fears and Iran tensions
Gold prices managed to pause their intraday gains as market sentiment shifted. This movement was influenced by expectations of future Federal Reserve interest rate hikes and escalating risks concerning Iran. Specifically, support for the US Dollar was noted ahead of the release of the US Consumer Price Index data. Investors are currently monitoring these macroeconomic indicators closely for clearer direction. The market awaits the crucial CPI report to determine the next major trend for gold and the USD. π