Gold Fails To Break $4,100 Mark

Gold trades below $4,100 on USD gains Gold attracts buyers for the second straight day but remains below the $4,100 mark. The US Dollar gains positive traction following the previous day's post-FOMC fall, acting as a headwind for the commodity. Inflation concerns

Gold trades below $4,100 on USD gains

Gold attracts buyers for the second straight day but remains below the $4,100 mark.

The US Dollar gains positive traction following the previous day’s post-FOMC fall, acting as a headwind for the commodity.

Inflation concerns from US-Iran tensions keep Fed rate hike bets on the table, supporting the USD and capping gold.

The Fed held interest rates steady, but traders still price in a chance of a rate hike by the end of the year.

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