From Investing.com: 2025-06-17 04:13:00

Gold prices fell by 1.37% as tensions in the Middle East eased, with Iran showing willingness to resume nuclear negotiations with the U.S. U.S. President Donald Trump ordered an evacuation from Tehran amid escalating Israeli airstrikes on Iran. XAU/USD rose slightly, but market uncertainty remains high due to fears of potential U.S. military action in Iran. Focus is on the U.S. report expected to add volatility to the market.

The euro edged up by 0.07% as global market uncertainty increased due to geopolitical risks. Trump’s call for an evacuation from Tehran strengthened the U.S. dollar as a safe-haven asset. Attention now shifts to the Federal Reserve’s policy decision, with investors closely monitoring signals about future monetary policy direction. Inflation concerns from rising oil prices and trade tensions provide a cautious but supportive backdrop for the euro.

The British pound traded flat against the USD amid ongoing Middle East conflict. Investors await the Bank of England’s policy meeting, with expectations of unchanged rates but potential forward guidance on future cuts. Disappointing U.K. data and fears of tax increases weigh on GBP. GBP/USD remains range-bound, with movement likely dependent on the BoE’s tone on rate cuts and overall guidance. Traders continue to reduce exposure to risk-sensitive currencies like GBP amidst global uncertainty.



Read more at Investing.com: Gold Prices Drop Sharply Amid Signs of Easing Iran-Israel Conflict