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Moneycontrol

Gold holds near $4,160 an ounce as Warsh’s hawkish Fed tone offsets Trump’s Iran strike threat

Gold has fallen for three straight weeks and is more than a fifth below its late-February peak, trading around $4,161 an ounce. US President Donald Trump issued a fresh threat to strike Iran, but investors’ attention has shifted to Federal Reserve Chairman Kevin Warsh’s hawkish messaging at his first policy meeting last week. Traders are also watching the US personal consumption expenditures price index due Thursday, with expectations for an acceleration that could bolster rate-hike bets. A stronger dollar and higher real yields have weighed on non-interest-bearing assets, muting the geopolitical risk premium.
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