Gold Research
Gold rallies to two-week high as USD softens on Iran deal hopes, receding Fed hike bets
Gold (XAU/USD) attracts buyers for the second consecutive day and surges past the $4,100 mark to hit a nearly two-week high during the Asian session on Wednesday.
Gold (XAU/USD) attracts buyers for the second consecutive day and surges past the $4,100 mark to hit a nearly two-week high during the Asian session on Wednesday.
Gold impact rationale
Rising rate-hike or hawkish expectations increase gold's opportunity cost.
- Source: FXStreet news
- 2026-08-05
- gold_price_action
- rates
Topics: gold news, gold price impact, gold_price_action, rates