Gold hits a fresh two-week high during the Asian session on Thursday, with bulls awaiting a move above $4,800 before placing fresh bets ahead of US President Donald Trump’s address on the Iran war. Meanwhile, signals that the US and Iran could move toward ending the conflict continue to weigh on Crude Oil prices, easing inflationary pressures and tempering bets for a rate hike by the Fed. This keeps the US Dollar depressed and acts as a tailwind for the non-yielding bullion for the fifth straight day.
Source: https://www.fxstreet.com/news/australia-trade-balance-mom-came-in-at-5686m-above-forecasts-2500m-in-february-202604020031
