Xetra-Gold tracks a broader market downturn as spot gold prices fall below $4,500. Persistent oil-driven inflation fuels investor concerns regarding central bank interest rate hikes. Rising rates serve as a negative catalyst for non-yielding assets like gold.
Mixed signals from ongoing U.S.-Iran peace negotiations further influence market sentiment. Inflationary pressures and potential rate hikes currently overshadow gold's traditional safe-haven appeal. The metal's price remains confined within a tight range.