Oil Gains and Hawkish Fed Bets Push Gold Below $4,300
Rising crude prices and firmer bets on further Federal Reserve rate hikes combined to pull bullion out of its recent range, while lifting the dollar.
Gold fell below $4,300 an ounce as oil prices climbed on the Iran-U.S. standoff and traders raised bets on additional Fed tightening.
MARKET REPORTBEARISH