Gold Jumps Past $4,100 Again as Fed, Iran Fears Hit Market
Gold bounced above $4,100 an ounce on Thursday, lifted by a weaker dollar after the metal hit its lowest point since July 1. Ongoing U.S.-Iran clashes kept traders focused on inflation and rate risks. Spot gold was up 0.8% at $4,106.82 an ounce as of 0901 GMT. U.S. August futures were also up 0.8% at $4,116.40. “Gold is trying to form a bottom today as dollar strength eases,” said Nikos Tzabouras, senior market analyst at Jefferies-owned Tradu.com.