Gold rebounds above $4,100 as falling Oil weighs on US Dollar
The post Gold rebounds above $4,100 as falling Oil weighs on US Dollar appeared on BitcoinEthereumNews.com. Gold (XAU/USD) price advances during the North American session on Thursday, up over 1.30% as the US Dollar (USD) retreats due to falling Oil prices amid easing tensions in the Middle East. The XAU/USD pair trades at $4,132 after bouncing off weekly lows of around $4,021 hit on Wednesday. XAU/USD rises as Middle East tensions ease, pressuring Dollar The US-Iran conflict grabbed the headlines during the last two days as both parties exchanged attacks, threatening to derail negotiations that had been scheduled to begin in Pakistan on Saturday before the last escalation. Oil prices jumped, with West Texas Intermediate (WTI), the US Oil benchmark, reclaiming the $ 75.00-per-barrel barrier, but retreated on Thursday. The jump in energy prices grew speculation that the Federal Reserve (Fed) could raise borrowing costs to tame already high inflation near 4.2% as reported in May. Now eye