Gold prices stabilize above $4,700 as a fragile ceasefire limits gains

fxstreet.com

Gold holds above $4,700 as a fragile ceasefire limits upside potential. Skepticism over the US-Iran ceasefire's durability supports the dollar, but the Federal Reserve's dovish stance caps its gains, aiding gold. Tensions remain high with strikes in Lebanon and threats to the Strait of Hormuz, while upcoming US inflation data will influence the Fed's policy and gold prices.


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Gold prices stabilize above $4,700 as a fragile ceasefire limits gains | News Minimalist