Gold Advances As U.S. Dollar Trades Nearly Flat As Fed Rate Hike Expectations Dim

Gold prices edged higher for a second straight session, regaining some of the earlier losses from profit-taking. The move was attributed to renewed crude oil supply concerns after U.S. President Donald Trump announced drastic economic measures against Iran, keeping a risk premium in commodities.

Analysis

Gold prices edged higher for a second straight session, regaining some of the earlier losses from profit-taking. The move was attributed to renewed crude oil supply concerns after U.S. President Donald Trump announced drastic economic measures against Iran, keeping a risk premium in commodities.