Gold stages a modest recovery from the $4,800 mark, or its lowest level since February 6, as escalating conflicts in the Middle East offer some support to traditional safe-haven assets. Meanwhile, the Fed’s increased inflation forecast amid surging oil prices and rising bets for only one rate cut in 2026 supports the bullish US Dollar and could act as a headwind for the non-yielding yellow metal.
Source: https://www.fxstreet.com/news/australia-unemployment-rate-sa-came-in-at-43-above-forecasts-41-in-february-202603190030
