The fragile ceasefire between the United States and Iran is supporting the U.S. dollar and negatively affecting this commodity. At the same time, the Federal Reserve's dovish stance limits the dollar's upside and provides support to the non-yielding precious metal.
The fragile ceasefire between the United States and Iran is helping revive demand for the U.S. dollar and supporting spot prices. Economic concerns related to conflicts in the Middle East are putting pressure on the Japanese yen and favoring bulls in this pair.
