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Gold gains ground above $4,150 as Fed avoids policy signals, geopolitical risks stay in focus

Gold price (XAU/USD) drifts higher to around $4,175 during the early Asian trading hours on Monday.

Gold price (XAU/USD) drifts higher to around $4,175 during the early Asian trading hours on Monday.

The precious metal recovers amid fading expectations for a Federal Reserve (Fed) rate hike.

Traders will closely monitor the developments surrounding geopolitical risks and Middle East tensions.

Market commentary only, not advice. 43 words on the desk. Trading involves risk. Headline credited to FXStreet.

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