Gold stays under bearish pressure and trades near $4,800 after having touched its highest level in a week above $4,870 earlier in the day. Given that the path to a durable US-Iran agreement remains uncertain on the back of the instability in the Strait of Hormuz, the US Dollar stages a modest recovery from its lowest level since early March and undermines the commodity. Source: https://www.fxstreet.com/news/eurozone-industrial-production-wda-yoy-came-in-at-06-above-expectations-1-in-february-202604150900