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Gold Declines as Fresh US-Iran Tension Fans Inflation Concerns

Gold Declines as Fresh US-Iran Tension Fans Inflation Concerns
Bloomberg Markets Monday 29 June 2026, 00:07 UTC By Yihui Xie 1 min read
Key Points

Gold Declines as Fresh US-Iran Tension Fans Inflation Concerns Gold declined to near $4,000 an ounce after the US and Iran traded attacks in the Persian Gulf, straining a ceasefire that had last week seen energy prices fall to pre-war levels and help temper expectations for an interest-rate hike. Spot gold was trading as much as 0.9% lower after rising 1.6% on Friday. Oil advanced after a tanker carrying Qatari crude was hit during tit-for-tat assaults over the weekend that hampered shipping...

Gold Declines as Fresh US-Iran Tension Fans Inflation Concerns Gold declined to near $4,000 an ounce after the US and Iran traded attacks in the Persian Gulf, straining a ceasefire that had last week seen energy prices fall to pre-war levels and help temper expectations for an interest-rate hike. Spot gold was trading as much as 0.9% lower after rising 1.6% on Friday. Oil advanced after a tanker carrying Qatari crude was hit during tit-for-tat assaults over the weekend that hampered shipping through the Strait of Hormuz.
US (LOCATION) Iran (LOCATION) the Persian Gulf (LOCATION) Qatari (ORG) the Strait of Hormuz (LOCATION)
Originally published by Bloomberg Markets Read original →

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