Gold consolidates recent gains on Tuesday, pausing its recovery just below the $4,800 mark per troy ounce. The precious metal’s decent advance comes amid hopes that US-Iran diplomacy could resume, keeping the US Dollar on the defensive. However, rising inflation concerns and the prospect of higher-for-longer interest rates continue to cap the upside for now.
Source: https://www.fxstreet.com/news/united-states-producer-price-index-yoy-below-forecasts-46-in-march-actual-4-202604141230
