Gold prices dipped on Wednesday as escalating Middle East tensions fueled crude oil gains, intensifying inflation and interest rate hike concerns. Renewed Gulf hostilities and stalled diplomacy between Washington and Tehran contributed to the market's unease. Investors now await key U.S. employment data to assess the Federal Reserve's next monetary policy move.

Gold prices dipped on Wednesday as escalating Middle East tensions fueled crude oil gains, intensifying inflation and interest rate hike concerns. Renewed Gulf hostilities and…

Gold prices slipped on Wednesday, as renewed hostilities in the Middle East pushed crude higher and stalled US-Iran talks, while investors awaited upcoming US economic data.