Dollar Weakens and Gold Falls Amid Iran's Proposal to End War
The U.S. dollar weakened as Iran proposed a new plan to reopen the Strait of Hormuz and end the war, leading to a decline in gold prices. The proposal includes extending the ceasefire and postponing nuclear negotiations. Market expectations for a Federal Reserve rate hike have dropped to 0% ahead of the FOMC meeting.
Topics: Currency Exchange Dollar Geopolitical Tensions Gold Iran Strait of Hormuz