Gold rate: Higher interest rates increase the opportunity cost of holding non-yielding gold. Spot gold was down more than 1 per cent for the month.

May 28 : Gold prices dropped to a two-month low on Thursday as inflation fears were stirred up after the U.S. and Iran traded more air strikes, boosting the dollar and crude…

May 28 : Gold prices fell to a two-month low on Thursday as fresh U.S. attacks on Iran boosted the dollar and pushed oil prices higher, stoking concerns about rising inflation and…

Gold prices dipped as escalating U.S.-Iran tensions fueled oil price surges, sparking inflation worries and casting a shadow over the Federal Reserve's interest rate decisions.…