Gold declines as Trump ends Iran deal, markets eye Fed minutes
The post Gold declines as Trump ends Iran deal, markets eye Fed minutes appeared on BitcoinEthereumNews.com. Gold (XAU/USD) trades around $4,050 on Wednesday, down 1.40% on the day at the time of writing, as investors favor the US Dollar (USD) following a fresh deterioration in tensions between the United States (US) and Iran. The precious metal remains under pressure despite the increasingly fragile geopolitical backdrop, as markets expect that persistently higher energy prices could keep US monetary policy restrictive. Market sentiment deteriorated after US President Donald Trump said that the memorandum of understanding aimed at ending the conflict with Iran was now “over.” Trump also stated that he no longer wanted to deal with Iran, while announcing trade measures against Spain and renewing his criticism of the North Atlantic Treaty Organization (NATO). These remarks supported the US Dollar, while Oil prices advanced amid rising concerns over global supply disruptions. Tensions es