Gold Falls Near $4,000 as US-Iran Clashes Reignite Inflation Fears
Gold fell to near $4,000 per ounce after the US and Iran exchanged attacks in the Persian Gulf, straining a ceasefire that had previously pushed energy prices back to pre-war levels. The earlier calm had helped temper expectations of an interest-rate hike, but renewed hostilities have revived inflation concerns. Investors are reassessing risk as the conflict shows signs of escalating again.
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