Gold Price (XAU/USD) attracts some sellers around $2,385 on Monday during the early Asian trading hours.
Gold price trades on a softer note near $2,385 on Monday. The hawkish shift in market sentimentcould dampen demand for yellow metal. The rising conflict between Israel and Iran might lift the gold price. Gold Price attracts some sellers around $2,385 on Monday during the early Asian trading hours. The hawkish comments by Federal Reserve officials have capped the precious metal’s upside. However, the escalating tensions in the Middle East might boost safe-haven assets like gold.
Geopolitical tensions between Israel and Iran intensified in recent weeks. A suspected Israeli attack on an Iranian consulate in Syria earlier this month was followed by Iran's retaliatory attack on Israel on April 13. Iran and Israel seem to have stepped back from the brink of a broader conflict as lawmakers in the US approved new Israeli military aid on Saturday. However, investors will monitor the developments surrounding the Middle East conflict.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD holds around 2,330 aims for fresh record highsSpot Gold keeps reaching record highs on a daily basis, hitting 2,353.64 a troy ounce on Monday.
Read more »
Gold Price Forecast: XAU/USD trades on weaker note below $2,300 ahead of US NFP dataGold Price (XAU/USD) edges lower to $2,285 during the early Asian session on Friday after reaching another fresh record high above $2,300 in the previous session.
Read more »
Gold Price Forecast: XAU/USD extends rally above $2,170 amid weaker US Dollar, geopolitical tension risksGold Price (XAU/USD) extends its upside above the mid-$2,150 during the early Asian trading hours on Tuesday.
Read more »
Gold Price Forecast: XAU/USD consolidates around $2,175 ahead of a fresh catalystGold trades within familiar levels on Monday amid a scarce macroeconomic calendar and easing US Dollar demand.
Read more »
Gold Price Forecast: XAU/USD retraces recent losses, rises to near $2,170Gold price rises to near $2,170 per troy ounce, reclaiming losses from the previous two sessions.
Read more »
Gold Price Forecast: XAU/USD eyes acceptance above $2,200 amid bullish technicalsGold price is rebounding firmly toward the $2,200 threshold in Monday’s Asian trading so far, as the US Dollar recovery takes a breather amid sluggish US Treasury bond yields and a mixed market mood.
Read more »