Gold Holds Firm Near $4,075 as Iran Pause Dims Oil Push Ahead of Fed Decision
TL;DR Summary
Gold steadies near $4,075 an ounce as oil prices slide on a pause in U.S.-Iran hostilities, easing inflation pressure ahead of this week’s Federal Reserve decision. With Strait of Hormuz risk still in play, oil trades around $82.6–$85.9 a barrel, while gold’s near-term path remains bounded by resistance around $4,166–$4,214 and support near $4,072.
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