Gold price trades on a softer note near $2,385 on Monday. The hawkish shift in market sentimentcould dampen demand for yellow metal. The rising conflict between Israel and Iran might lift the gold price. Gold Price attracts some sellers around $2,385 on Monday during the early Asian trading hours. The hawkish comments by Federal Reserve officials have capped the precious metal’s upside. However, the escalating tensions in the Middle East might boost safe-haven assets like gold.
Geopolitical tensions between Israel and Iran intensified in recent weeks. A suspected Israeli attack on an Iranian consulate in Syria earlier this month was followed by Iran's retaliatory attack on Israel on April 13. Iran and Israel seem to have stepped back from the brink of a broader conflict as lawmakers in the US approved new Israeli military aid on Saturday. However, investors will monitor the developments surrounding the Middle East conflict.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »