Gold Recovery Seen Hit by Fed Worries With Iran-Israel Ceasefire Cooling Market
Gold steadied near $4,344 an ounce after Israel and Iran halted attacks, offsetting pressure from a strong U.S. jobs report and higher-for-longer Fed rate bets; Goldman Sachs now expects no Fed cuts until 2027, leaving gold below its 200-day average after its sharpest weekly drop since March.