Gold is extending this week’s pullback toward $4,550, declining for the fourth straight day on Friday amid a sustained US Dollar buying interest. In fact, the USD Index (DXY) hit its highest level since April 8 amid increased hawkish Fed bets-led higher US Treasury yields. Stalled US-Iran peace talks, amid major disagreements over Tehran’s nuclear program and the Strait of Hormuz, keep geopolitical risks in play.
Source: https://www.fxstreet.com/news/turkey-budget-balance-fell-from-previous-2299b-to-3387b-in-april-202605150801
