Gold struggles as strong US Dollar and rising yields cap gains

Gold trades on the back foot amid a firmer US Dollar.

US-Iran war supports safe-haven demand, but Oil-driven inflation fears cap gains in the yellow metal.

Technically, XAU/USD continues to consolidate within the $5,000-$5,250 range.

(XAU/USD) trades under pressure on Thursday as a stronger US Dollar (USD) and rising Treasury yields cap upside attempts. At the time of writing, XAU/USD trades around $5,113, down nearly 1.20% on the day.

However, the precious metal remains trapped within a familiar range and lacks strong directional momentum as traders weigh opposing macroeconomic forces. The ongoing US-Iran war continues to underpin safe-haven demand and help limit deeper losses.$XAU #BinanceTGEUP #IranianPresident'sSonSaysNewSupremeLeaderSafe #CFTCChairCryptoPlan #TrumpSaysIranWarWillEndVerySoon #Web4theNextBigThing?