Gold retreats slightly from the $4,870 level, or a one-month high set in the Asian session on Wednesday. The downtick lacks any follow-through and remains cushioned as hopes for Iran diplomacy continue to undermine the US Dollar’s reserve currency status. Furthermore, reduced bets for a Fed rate hike in 2026 keep the USD bulls on the defensive and act as a tailwind for the non-yielding bullion.
Source: https://www.fxstreet.com/news/us-president-trump-on-iran-war-i-view-it-as-very-close-to-over-202604150147
