Gold Holds Two-Day Gain on Reduced Rate-Hike Expectations

Gold maintained a two-day gain as expectations for a Federal Reserve interest-rate hike decreased, weakening the US dollar and making bullion more affordable for global buyers. This trend, coupled with rising tensions involving Iran, has bolstered the appeal of gold and increased market volatility. While the dollar remains feeble due to dwindling rate-hike bets, investors and markets are now awaiting the release of the Fed minutes to determine future economic directions and potential price movements.