Gold declines due to fears of renewed US-Iranian tensions

•The US dollar rebounds against a basket of currencies •Oil prices reach the highest level in 3 weeks •The expiration of the temporary peace agreement between the United States and Iran •Markets await the minutes of the Federal Reserve meeting •Trust fund holdings jump to the highest level in 3 months

The US Dollar The dollar index rose on Tuesday by 0.15%, as part of attempts to recover from its lowest levels in 11 weeks, on its way towards achieving...

The first gain in the last four sessions, reflecting the recovery in US currency levels against a basket of major and minor currencies.

Global oil prices Oil prices rose on Tuesday by about 0.5%, expanding their rise for the third day in a row, recording the highest level in three weeks, due to faltering negotiations between the United States and Iran, and the cessation of shipping traffic through the Strait of Hormuz.

US interest •According to the “Feed Watch” tool

CME Group: Pricing the odds of the Federal Reserve keeping interest rates unchanged at the September meeting is currently stable at 65%, and pricing the odds of raising interest rates by about 25 points at 35%.

SPDR Fund Gold holdings at the SPDR Gold Trust, the largest supported global index fund, increased on Monday by about 7.13 metric tons, in the second daily increase over

Consecutively, with the largest daily increase since last June 18, bringing the total to 1,030.60 metric tons, which is the highest level since last May 28.

The main indices on Wall Street ended trading lower on Monday, with renewed tensions between Washington and Tehran and the subsequent rise in oil prices, as well as the anticipation of quarterly results from major retail companies for indications about consumer spending in the United States.