Gold rebounded on Tuesday after dropping ~3% in the prior session to a two-week low. The move was driven by escalating Middle East tensions providing support, alongside hawkish Fed expectations weighing on the metal. Overall price action suggests a near-term tug-of-war between geopolitical risk bid and interest-rate/yield headwinds.
Gold rebounded on Tuesday after dropping ~3% in the prior session to a two-week low. The move was driven by escalating Middle East tensions providing support, alongside hawkish Fed expectations weighing on the metal. Overall price action suggests a near-term tug-of-war between geopolitical risk bid and interest-rate/yield headwinds.
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neutral
Sentiment Score
0.05
