Gold remains depressed below a nearly four-week high though it lacks follow-through selling, and holds above the $4,800 mark heading into the European session. Given that the path to a durable US-Iran agreement remains uncertain on the back of the instability in the Strait of Hormuz, the US Dollar stages a modest recovery from its lowest level since early March and undermines the commodity. In fact, Iran’s ambassador to the UN described the US blockade as a grave violation of Tehran’s sovereignty.
Source: https://www.fxstreet.com/news/france-consumer-price-index-eu-norm-mom-in-line-with-forecasts-11-in-march-202604150645
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