Gold Price Forecast: Iran Deal Optimism Lifts Bullion as Fed Hike Bets Ease
Gold prices rose more than 1% on Tuesday as optimism around an interim U.S.-Iran peace deal reduced oil-market stress, lowered inflation fears, and pushed traders to scale back expectations for another Federal Reserve rate hike later this year. The latest gold price forecast has turned more constructive in the short
Gold Price Forecast Weakens as Dollar Strength Pressures Metals
The gold price forecast turned more cautious after bullion fell sharply on Monday, pressured by a stronger U.S. dollar, rising Middle East tensions, and renewed inflation fears that kept higher-for-longer interest rate expectations firmly in focus. According to the original Reuters report published through TradingView, spot gold dropped 2% to $4,523.23
