Gold Pressured: Fed Rate Hike Bets and Iran Risks Weigh Down Prices

In recent hours, gold (XAU/USD) has faced strong selling pressure, remaining below $4,400 during the Asian session. This trend is primarily driven by two key factors: bets on further interest rate hikes by the Federal Reserve and geopolitical risks associated with Iran's political situation. Investors are showing more caution, opting for more conservative positions in light of these uncertain events. Nevertheless, gold demonstrates some level of resilience, indicating that demand for this metal remains significant in certain market segments. This behavior reflects a complex interplay between global economic dynamics and current geopolitical challenges, where volatility is the norm.