Gold Falls as US-Iran Strikes Lift Energy Prices, Fed Rate Expectations Rise
Gold prices declined after renewed U.S.-Iran strikes drove energy prices higher, reinforcing expectations that the Federal Reserve may keep interest rates elevated.
XAUUSD
Gold slipped as renewed U.S.-Iran strikes pushed energy prices higher, stoking inflation concerns and strengthening the view that the Federal Reserve will maintain higher interest rates for longer.
Rising energy costs add to inflationary pressures from the Middle East conflict, while hawkish Fed expectations weighed on non-yielding bullion.
Source: First Squawk