Geopolitical tensions in Iran, potentially disrupting oil supplies and raising energy prices, could prompt the Federal Reserve to delay interest-rate cuts and even consider hikes. This development complicates the Fed’s efforts to curb inflation, with experts suggesting a more hawkish stance might be necessary globally.
Commodity Radar: Gold choppy ahead of US inflation data. Sell on rise for these targets?
Gold prices are expected to remain volatile with a mild downside bias this week as traders monitor US inflation data, Donald Trump’s China visit and