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macroJul 13, 2026, 1:06 AM

Gold Drops Below $4,100 as US-Iran Strikes Spur Inflation Concerns

Gold price (XAU/USD) declined to near $4,070 during early Asian trading on Monday, extending losses as fresh US-Iran military strikes fuel inflation fears.

XAUUSD

Gold price (XAU/USD) attracted some sellers near $4,070 during early Asian trading hours on Monday, extending its decline below the $4,100 level.

The precious metal is under selling pressure as escalating tensions between the US and Iran, including fresh military strikes, stoke fears of higher inflation. Investors are reassessing the outlook for safe-haven assets amid geopolitical uncertainty and its potential impact on monetary policy.

The decline marks a continuation of gold's recent retreat as market participants weigh the implications of renewed conflict in the Middle East on global commodity prices and economic stability.

Source: FXStreet Forex News