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Why is the price of gold trending down?
Gold has been under pressure since the US and Israel launched a war against Iran in late February.
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economictimes.indiatimes.com
Gold hits over 6-month low on rate-hike concerns amid Mideast conflict
Gold prices dropped to a six-month low as U.S. strikes on Iran fueled oil prices and inflation concerns. This, coupled with strong U.S. consumer inflation data, reinforces…
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newsbytesapp.com
Gold prices hit 6-month low
Gold prices dropped to a six-month low as US strikes on Iran spiked oil prices, intensifying inflation fears and bolstering expectations of prolonged high US interest rates.
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thehindubusinessline.com
Gold set for weekly loss as inflation, rate hike fears persist
Gold is poised for a weekly loss amid inflation worries and potential US interest rate hikes, dropping 20% since the Iran conflict.
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aljazeera.com
Why is the price of gold trending down?
Gold has been under pressure since the US and Israel launched a war against Iran in late February.