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Gold rebounds as Oil reverses sharply on positive US-Iran headlines

Trade Hub UK regulation desk (2026-10-20): Gold (XAU/USD) reverses earlier losses on Tuesday as positive Middle East headlines trigger a sharp pullback in Oil prices, weighing on the US Dollar (USD)… Primary source: original at FXStreet (fxstreet.com).

By FXStreet

Gold rebounds as Oil reverses sharply on positive US-Iran headlines

Gold (XAU/USD) reverses earlier losses on Tuesday as positive Middle East headlines trigger a sharp pullback in Oil prices, weighing on the US Dollar (USD) and US Treasury yields. At the time of writing, XAU/USD trades around $4,143, recovering from an intraday low of $4,111.

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  5. WTI Oil plunges as US-Iran compromise proposal raises hopes of de-escalation

Source: FXStreet