Gold sticks to modest intraday gains for the third straight day and trades around the $4,560-$4,565 area heading into the European session, below a one-and-a-half-week high set earlier this Tuesday. Reports that Donald Trump is willing to wind down the military campaign against Iran, even if the Strait of Hormuz remains largely closed, trigger a corrective pullback in Crude Oil prices. This in turn eases inflation concerns and keeps US Treasury bond yields on the back foot, prompting some US Dollar profit-taking and benefiting the commodity.
Source: https://www.fxstreet.com/news/france-consumer-spending-mom-came-in-at-14-below-forecasts-02-in-february-202603310645
