Gold struggles to find acceptance above the $4,600 mark and trims a part of its strong intraday gains to a one-and-a-half-week high, touched during the Asian session. 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/united-kingdom-current-account-above-expectations-ps-234b-in-4q-actual-ps-184b-202603310600
