Gold fails to build on the previous day’s solid bounce from a four-month low, below $4,100, also representing the 200-day SMA, and trades with a negative bias during the Asian session on Tuesday. Reports of strikes on Iran’s gas infrastructure highlight risks to energy systems and fuel inflation concerns, supporting emerging bets for Fed rate hikes. This underpins the US Dollar and weighs on the non-yielding bullion.
Source: https://www.fxstreet.com/news/japan-jibun-bank-services-pmi-down-to-528-in-march-from-previous-538-202603240030
