Gold stabilizes above $4,500 awaiting Iran news
Gold is trading flat above $4,500 after a four-day sell-off from $4,770.
The US 10-year yields are trading at one-year highs at 4.60%, boosting hopes of Federal Reserve rate hikes.
Initial support lies at the $4,500 area, with a confirmation below here renewing bearish momentum towards the $4,350 area.
Upside attempts remain capped, with the 4-hour Relative Strength Index remaining in oversold levels.