Gold (XAU/USD) touched a one-week low during the Asian session on Thursday, though the move lacked follow-through as traders awaited a crucial meeting between US President Donald Trump and his Chinese counterpart Xi Jinping. The metal struggled below $4,300, pressured by Federal Reserve rate-hike bets and Iran-related risks that underpinned the US dollar. Market participants remained cautious ahead of the Trump-Xi meeting, which kept gold's decline from extending further.
Gold fell to a one-week low below $4,300, pressured by Fed rate-hike bets that lifted the US dollar.
