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Gold Holds Near One-Month Low as Iran Tensions Persist; Fed Decision in Focus
Yahoo Finance· 2026-04-29 17:19
large gold nugget ©Robert M. Lavinsky Gold prices hovered close to a one-month low on Wednesday, as demand for the precious metal remained subdued amid ongoing uncertainty surrounding the conflict with Iran. Investor caution ahead of the latest Federal Reserve policy decision also added pressure. The metal has recorded notable losses this week, with safe-haven flows favoring the U.S. dollar instead. At the same time, rising oil prices—driven by expectations of a prolonged standoff between the U.S. and Ir ...