Gold (XAU/USD) defends its bid tone near the $4,700 mark but struggles to gather recovery momentum after ending the previous week in the red. Reports suggesting that Iran gave the US a new proposal on reopening the Strait of Hormuz and ending the war, with nuclear negotiations postponed for a later stage, help the risk mood improve and weigh on the USD, alllowing XAU/USD to hold its ground.
Source: https://www.fxstreet.com/news/mexico-trade-balance-s-a-up-to-2499b-in-march-from-previous-109b-202604271201








