Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › World News › Gold Holds Drop as US Strikes in Iran Cloud Rate-Hike Outlook
World News

Gold Holds Drop as US Strikes in Iran Cloud Rate-Hike Outlook

Bloomberg Markets Tuesday 07 July 2026, 23:06 UTC By Robin Paxton 1 min read
Key Points

Gold Holds Drop as US Strikes in Iran Cloud Rate-Hike Outlook Gold held a decline as renewed US airstrikes on Iran endangered an interim deal to end the war that’s stoked inflation and raised the prospects for interest-rate hikes. Bullion was near $4,100 an ounce in early trading, after losing 1.4% in the previous session. US Central Command said it launched “powerful strikes” in retaliation for Iranian attacks on shipping in the Strait of Hormuz, just hours after Washington revoked a waiver...

Gold Holds Drop as US Strikes in Iran Cloud Rate-Hike Outlook Gold held a decline as renewed US airstrikes on Iran endangered an interim deal to end the war that’s stoked inflation and raised the prospects for interest-rate hikes. Bullion was near $4,100 an ounce in early trading, after losing 1.4% in the previous session. US Central Command said it launched “powerful strikes” in retaliation for Iranian attacks on shipping in the Strait of Hormuz, just hours after Washington revoked a waiver that had allowed Tehran to sell oil globally. Crude prices advanced.
Gold Holds Drop (ORG) US (LOCATION) Iran (LOCATION) US Central Command (ORG) Iranian (ORG) the Strait of Hormuz (LOCATION) Washington (LOCATION) Tehran (LOCATION)
Originally published by Bloomberg Markets Read original →

Related Stories

Homeless Texas woman saved days after she got stuck in mud and sewage at the bottom of a ravine

Homeless Texas woman saved days after she got stuck in mud and sewage at the bottom of a ravine The woman was homeless and ‘extremely weak’ after being trapped for days outside, according to one responding paramedic - Bookmark - CommentsGo to comments A homeless Texas woman has been saved days after she spent days stuck in mud and sewage at the bottom of a ravine. The Dallas Police Department took to social media Monday to thank first responders who helped them rescue the young woman in...

The Independent World 25m ago

Erling Haaland loves this high-protein and prebiotic-rich breakfast; detailed recipe inside

Erling Haaland is one of the top Norwegian professional footballer, widely known for his best strikes in the world. And when one looks at his energy and game in the ground, the first question that comes to mind is, what does he eat? Well, in his latest YouTube video, Day in the Life of a Pro Footballer, Haaland gave the reply to this question too, as he revealed what he eats in a day.

Times of India 30m ago

India moves up 2 places in FDI inflow ranking

New Delhi: India moved up two places to emerge as the 11th biggest recipient of foreign direct investment (FDI in 2025, with inflows jumping 44% to $39 billion. The country is emerging as a preferred destination for investments in electronics, automobiles material and industrial manufacturing, the latest World Investment Report said. The UNCTAD publication also said India was the 18th largest overseas investor, again moving up two ranks, as outflows rose 50% to $36 billion in 2025.

Times of India 34m ago

Lexie Hull and Sophie Cunningham team up on a California beach for some 'much needed r&r'

Sophie Cunningham and Lexie Hull, the two self-described Indiana Fever mermaids, teamed up on Monday on a California beach for some "much needed r&r. you know ball like I know ball, you know these two aren't going to miss an opportunity for a bikini day off. They're not going to be bullied out of having fun off the court by anyone.

Fox News 34m ago