Gold (XAU/USD) struggles to capitalize on a modest Asian session uptick on Thursday and, for now, seems to have stalled its recovery from the vicinity of the $4,450 level, or the lowest since March 30. Wednesday's hawkish FOMC Minutes reaffirmed market bets for an interest rate hike by the end of this year, which keeps the US Dollar (USD) close to a six-week high and acts as a headwind for the non-yielding bullion. The downside, however, remains cushioned as traders seem hesitant and opt to wait for further developments surrounding the Middle East crisis amid mixed signals over a potential US-Iran peace deal.
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