
Gold Price Bulls Get Trapped at $4,100 as Fed Bets Bite
Gold failed at $4,100 as oil-driven inflation fears revived Fed hike bets, leaving $4,000 as the line bulls must hold.
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Gold failed at $4,100 as oil-driven inflation fears revived Fed hike bets, leaving $4,000 as the line bulls must hold.

Gold slid as Trump’s Iran warning sent traders into the US Dollar, testing whether $4,000 support can hold.

Gold reclaimed $4,100, but hawkish Fed bets, higher yields and US-Iran tension keep the rebound fragile.

Gold jumped above $4,100 after a weak June jobs report pushed traders to doubt further Fed hikes.

Gold fell toward $4,250 after the Fed held rates but left a hike on the table, sending December hike odds to 78%.

Gold is rising because the US-Iran deal cut Fed hike fears faster than it erased safe-haven demand.

Gold's bounce isn't a peace trade. Traders see oversold prices, softer yields and Iran risk that still hasn't cleared.