Gold price (XAU/USD) falls to the lowest in more than two months near $4,025 during the early Asian session on Friday. The precious metal faces some selling pressure as escalating tensions in the Middle East send oil surging ahead of a Federal Reserve (Fed) policy meeting.
Gold (XAU/USD) slips below $4,100 on Thursday despite a softer US Dollar (USD) and falling US Treasury yields. The precious metal struggles to attract buyers as energy-driven inflation concerns from Middle East tensions reinforce expectations that interest rates will remain elevated longer.
Gold price (XAU/USD) holds steady around $4,125 during the early Asian session on Thursday. The precious metal fluctuated as traders continue to assess the outlook for the Federal Reserve’s (Fed) interest-rate path on the back of ongoing tensions in the Middle East.