Gold Price Forecast: XAU/USD Struggles Below $4,300 Amid Growing Fed Rate Hike Expectations
Gold prices (XAU/USD) posted modest gains on Thursday but remained near weekly lows around the $4,220 level. The precious metal initially benefited from optimism surrounding potential peace negotiations involving Iran; however, those gains were quickly erased after the Federal Reserve delivered a more hawkish-than-expected message, reinforcing expectations of additional interest rate hikes later this year. […]