Gold slips as US-Iran tensions lift oil, stoke inflation fears

Gold prices dipped as escalating U.S. actions in Iran sent oil soaring, sparking inflation worries and prolonging high interest rates. Despite ongoing diplomatic efforts, U.S. forces conducted strikes, impacting regional stability. This geopolitical tension, coupled with market expectations of a Fed rate hike, weighed on the precious metal, while other precious metals also saw declines.

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