Gold Research

Gold pares intraday gains as Fed hike bets and Iran risks support USD ahead of US CPI

Gold (XAU/USD) trims a part of its intraday gains and trades below the $4,400 mark heading into the European session on Wednesday, still up 0.50% for the day.

Gold (XAU/USD) trims a part of its intraday gains and trades below the $4,400 mark heading into the European session on Wednesday, still up 0.50% for the day.

Gold impact rationale

Rising rate-hike or hawkish expectations increase gold's opportunity cost.

  • Source: FXStreet news
  • 2026-08-12
  • geopolitics
  • rates
  • gold_price_action

Topics: gold news, gold price impact, geopolitics, rates, gold_price_action