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Gold drops more than 1% as rising Middle East tensions add to rate-hike fears
Gold prices saw a notable decline amidst rising tensions in the Middle East, driven by concerns over inflation linked to escalating oil prices. The prospect of an interest rate hike from the Federal Reserve in September is keeping traders on edge as they await crucial economic data releases this week. Prices for other precious metals also suffered losses on Monday.
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economictimes.indiatimes.com
Gold slides over 1% as oil surges on Strait of Hormuz closure fears
Gold prices declined over one percent in early Asian trade Monday. Oil prices jumped sharply, increasing inflation concerns and interest rate expectations. U.S. and Iranian forces…
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Gold drops more than 1% as rising Middle East tensions add to rate-hike fears
Gold prices saw a notable decline amidst rising tensions in the Middle East, driven by concerns over inflation linked to escalating oil prices. The prospect of an interest rate…
