GBP/USD gains ground to around 1.3395

British Pound strengthens to near 1.3400 as UK political risk fades The GBP/USD pair gathers strength near 1.3395 during the Asian trading hours on Thursday, bolstered by fading domestic political uncertainty. However, hawkish minutes from the Federal Reserve (Fed) and renewed tensions between the US and Iran might support the US Dollar (USD) and cap the upside for the…

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US launches fresh strikes on Iran

The US strikes hit a rail line in Golestan province in northeastern Iran, near the border, using cruise missiles. It marked the first US strike on Iranian infrastructure since the ceasefire took hold. Iran said multiple US artillery shells struck a railway bridge west of Aghala in Golestan in early Thursday, triggering several explosions. The US Air Force bombed…

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Iran launches missiles on Bahrain, Gulf sirens sound

Update: Iran launched retaliatory ballistic missiles at Bahrain from Bushehr Province, triggering sirens across Bahrain and Kuwait. Kuwaiti air defenses intercepted hostile missiles and drones. Qatar issued a threat alert as the region braces for further strikes, deepening the escalation after days of US-Iran clashes over the Strait of Hormuz.

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Gold declines below $4,100 as US–Iran tensions revive inflation worries, Fed rate hike bets

Gold price (XAU/USD) declines to around $4,075 during the early Asian session on Thursday. The precious metal extends its downside as US President Donald Trump said the ceasefire with Iran has ended, stoking concerns that a renewal of war could again drive inflation and push up interest rates. Reuters reported on Thursday that Trump stated that an interim agreement…

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