Gold falls as Iran tensions fuel inflation concerns
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Gold falls as Iran tensions fuel inflation concerns
Gold prices fell on Tuesday after renewed US military strikes in Iran pushed oil prices higher, raising concerns that inflation could remain elevated and keep interest rates higher for longer, Reuters reported.
Spot gold fell 0.7 percent to $4,537.54 an ounce by 02:18 GMT, while US gold futures for June delivery edged up 0.3 percent to $4,538.50.
Analysts said higher oil prices have renewed fears of
Gold prices fell on Tuesday after renewed US military strikes in Iran pushed oil prices higher, raising concerns that inflation could remain elevated and keep interest rates higher for longer, Reuters reported.
Spot gold fell 0.7 percent to $4,537.54 an ounce by 02:18 GMT, while US gold futures for June delivery edged up 0.3 percent to $4,538.50.
Analysts said higher oil prices have renewed fears of
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