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.

Gold prices rise 1.6% to $4,580 as US-Iran deal prospects ease inflation worries amid ongoing negotiations.

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.…

Gold rate today: Elevated crude oil prices can accelerate inflation and keep interest rates higher for longer. While gold is seen as a hedge against inflation, higher rates tend…