Gold struggles to capitalize on the overnight bounce from the vicinity of the $5,000 mark and trades with a negative bias for the second straight day on Tuesday. Comments from US President Donald Trump suggested that the US-Israeli war on Iran could be close to ending, which boosts investors’ confidence and undermines the safe-haven bullion. Meanwhile, hopes for the Iran war resolution dent the US Dollar’s global reserve currency status, which assists the yellow metal to hold comfortably above $5,100 during the Asian session.
Source: https://www.fxstreet.com/news/japan-gross-domestic-product-qoq-in-line-with-expectations-03-in-4q-202603092350
