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Fundamental Overview The global market has seen major changes due to the escalating US-Iran geopolitical tensions and the fear of closing the Strait of Hormuz. Crude oil prices have risen by about 4% to 5% after fresh US and Iranian military strikes in the Middle East. The rise in oil prices has raised fears of rising inflation in the market. As a result, the US dollar is rising on the expectation that the Federal Reserve may keep interest rates high for a long time. Spot gold prices fell more than 1.2% to $4,072.78 per ounce at the beginning of the Asian session due to the strength of the dollar. Usually, the price of gold increases during geopolitical crises, but this time gold is under selling pressure due to fears of inflation and the Fed's hawkish stance due to oil. Keep an eye on our channel for the next update. #XAUUSD #ForexTrading #MarketUpdate #CrudeOil #wavefx

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