The Iranian military announced in a statement that it had launched a drone operation against the US Navy’s Fifth Fleet based in Bahrain, in response to the violation of the ceasefire and US military attacks on areas in southern Iran, Reuters reported on Thursday.
Gold price (XAU/USD) trades with mild losses around $4,325 during the early Asian session on Tuesday. The precious metal remains on the defensive near its lowest since March 24 amid uncertainty in the Middle East and rising bets of a US interest rate hike.
Gold (XAU/USD) nurses moderate losses on Friday, trading just above $4,460 at the time of writing, after failing to confirm a move above $4,500 on Thursday.