Gold price bears seem reluctant as a weaker USD offsets Iran-Israel ceasefire

  • Gold price (XAU/USD) maintains its offered tone through the Asian session and currently trades just above a nearly two-week low touched earlier this Tuesday. The latest optimism led by US President Donald Trump's announcement that a ceasefire had been brokered between Iran and Israel turns out to be a key factor undermining demand for the safe-haven precious metal.