Gold Holds Below $4,700 as Dollar Strength Persists on Iran Uncertainty and Fed Bets

BitcoinWorld Gold Holds Below $4,700 as Dollar Strength Persists on Iran Uncertainty and Fed Bets Gold prices remained subdued on Wednesday, trading below the $4,700 mark as the US dollar held onto recent gains. Market sentiment continues to be shaped by escalating geopolitical tensions involving Iran and shifting expectations around the Federal Reserve’s next policy moves. Dollar Strength Weighs on Bullion The greenback has strengthened over the past several sessions, supported by safe-haven flows linked to instability in the Middle East. The Iran situation has prompted investors to move into the dollar, which in turn has capped gold’s upside. A stronger dollar typically makes gold more expensive for holders of other currencies, reducing demand. Meanwhile, the dollar is also drawing support from a recalibration of Fed rate expectations. Traders have dialed back bets on aggressive rat