Gold extends its steady intraday descent heading into the European session and remains close to the lowest level since March 30, set the previous day. Despite renewed hopes for a potential US-Iran peace deal, investors remain skeptical amid major disagreements over Tehran’s nuclear program and the Strait of Hormuz. Furthermore, hawkish US Federal Reserve expectations assist the US Dollar to regain positive traction and act as a headwind for the non-yielding bullion.
Source: https://www.fxstreet.com/news/united-kingdom-average-earnings-excluding-bonus-3mo-yr-meets-expectations-34-in-march-202605190600
