Gold remains stuck in a narrow range on Tuesday, still trading below the $4,400 mark per troy ounce. The precious metal’s marginal advance comes on the back of easing geopolitical tensions and a deeper retracement in the US Dollar, although the likelihood of a cautious Fed down the road should keep the metal under scrutiny.

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.