Gold maintains its offered tone through the early European session, and remains well within striking distance of 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 Fed 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/eurozone-trade-balance-nsa-came-in-at-eu78b-above-expectations-eu54b-in-march-202605190900
