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Gold Holds Decline as US Strikes on Iran Magnify Inflation Risks
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Gold Holds Decline as US Strikes on Iran Magnify Inflation Risks Gold held a decline as a second day of US strikes against Iran drove energy prices higher and intensified concerns around inflation. Bullion was near $4,080 an ounce in early trading, after falling for three days. The latest US attacks came hours after President Donald Trump said he thought a ceasefire with Iran was “over.”
Gold Holds Decline as US Strikes on Iran Magnify Inflation Risks
Gold held a decline as a second day of US strikes against Iran drove energy prices higher and intensified concerns around inflation.
Bullion was near $4,080 an ounce in early trading, after falling for three days. The latest US attacks came hours after President Donald Trump said he thought a ceasefire with Iran was “over.” Oil prices surged, with Washington having earlier revoked a waiver that had allowed Tehran to sell crude globally.