Economic TimesLean R·
Gold eases as fresh US-Iran tensions lift oil prices, rate-hike bets
Gold prices fell to a near-weekly low as U.S. strikes on Iran boosted oil and the dollar. Higher interest rate expectations are pressuring the non-yielding precious metal. China's central bank reported its largest monthly gold reserve increase in over two years. Hong Kong authorities unveiled measures to bolster currency and gold trading. Other precious metals like silver, platinum, and palladium also experienced declines.
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