Gold slides below $4,400 as Fed hike bets and Mideast jitters revive USD demand. Chart stamps C4,431.42 / H4,440.74 (+0.43%).
Gold slides below the $4,400 mark as Fed rate-hike bets and Mideast jitters revive USD demand. A separate bullet cites an intraday uptick to the $4,443 area. A daily-chart stamp shows C4,431.42 / H4,440.74 (+18.90 / +0.43%). Hormuz is not reopened.
Hawkish Fed expectations and geopolitical uncertainty helped the safe-haven USD recover, undermining bullion, with traders increasing bets on a Fed hike later this month. Iran threatened retaliation and Tehran was preparing a full blockade around the Strait of Hormuz. Distinct from Tuesday Asia’s gold near $4,425.55, WTI above $92, and weekend US–Iran tanker strikes.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
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