Gold stalls near $4,400 as Oil, US yields, war risks cap upside
The post Gold stalls near $4,400 as Oil, US yields, war risks cap upside appeared on BitcoinEthereumNews.com.
Gold (XAU/USD) remains pressured on Tuesday, remaining near its opening price amid heightened tensions in the Middle East, as the Wall Street Journal reported that the Pentagon plans to deploy a brigade combat team from the Army’s elite Airborne Division. The XAU/USD pair trades at $4,404, after hitting a daily low of $4,306. Bullion struggles for direction as rising energy prices and firm US yields offset persistent geopolitical tension Geopolitics remain in the driver’s seat in financial markets, amid worries that hostilities would resume if the US and Iran talks fail to provide an agreement in four days. Meanwhile, high energy prices have prompted investors to trim bets on the Federal Reserve’s (Fed) dovish stance, as the war in Iran is about to enter its fifth week and has disrupted shipments of about one-fifth of the world’s Oil and natural gas through the Strait of Hormuz. As of writing, Oil prices are rising, with West Texas Intermediate (WTI) up more than 3% to $91.65. The Greenback, which has remained positively correlated with WTI over the last two weeks, is gaining 0.34%, according to the US Dollar Index (DXY). The DXY, which measures the performance of the buck versus six currencies, trades at 99.50 after bouncing off daily lows of 99.09. Recently, Axios revealed that the US and a group of regional mediators are discussing hosting high-level peace talks with Iran as soon as Thursday. Still, they’re waiting for Iran’s response. Business activity in the US slowed, according to S&P Global’s March Flash PMIs. The S&P Global Services PMI slowed from 51.7 to 51.1 while the services index improved from 51.6 to 52.4. Finally, the S&P Global Composite PMI for March, which comprises both indices, dipped from 51.9 in February to 51.4 in the current month. Earlier, US jobs data from…
Filed under: News - @ March 24, 2026 8:26 pm