XAU/USD falls over 1% to $4,443 as the US Dollar strengthens amid stalled US-Iran negotiations and hawkish central bank signals.
Gold prices slid more than 1% to $4,443, the lowest since March 30, as the US Dollar rebounded on doubts over US-Iran negotiations. The shift in risk sentiment weighed on the yellow metal, which is sensitive to USD movements.
The US Dollar Index (DXY) rose 0.06% to 99.20, pressuring gold further. President Donald Trump’s tough stance on Iran, including no sanctions relief without uranium concessions, fueled uncertainty. Meanwhile, hawkish signals from central banks, including the RBNZ’s rate-hike openness, added downward pressure.
Investors also priced in hawkish Fed expectations after Minneapolis Fed President Neel Kashkari emphasized inflation risks, suggesting no immediate policy easing.