Gold Research
Gold extends range play above $4,050 as Fed hike bets and Iran risks underpin USD
Gold (XAU/USD) struggles to attract any meaningful buyers and trades below the $4,100 mark during the first half of the European session on Tuesday as traders opt to wait for further developments surrounding the Middle East crisis.
Gold (XAU/USD) struggles to attract any meaningful buyers and trades below the $4,100 mark during the first half of the European session on Tuesday as traders opt to wait for further developments surrounding the Middle East crisis.
Gold impact rationale
Rising rate-hike or hawkish expectations increase gold's opportunity cost.
- Source: FXStreet news
- 2026-08-04
- geopolitics
- rates
- gold_price_action
Topics: gold news, gold price impact, geopolitics, rates, gold_price_action