Gold (XAU/USD) stages a rebound but remains deep in negative territory below $4,950 after touching its weakest level in over a week near $4,850 earlier in the day. Renewed US Dollar strength makes it difficult for XAU/USD to gather recovery momentum despite the risk-averse market atmosphere.
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions against six officials associated with the Iranian intelligence agency for attacking critical infrastructure entities in the U.S.…