Gold Holds Drop as US Strikes in Iran Cloud Rate-Hike Outlook

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AI Summary

Gold prices held a decline as renewed US airstrikes on Iran raised concerns over an interim peace deal, impacting inflation outlook and increasing the potential for interest rate hikes.

Gold held a decline as renewed US airstrikes on Iran endangered an interim deal to end the war that’s stoked inflation and raised the prospects for interest-rate hikes.

World Security Politics Markets Commodities Energy gold prices US airstrikes Iran conflict inflation interest rate hike precious metals

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