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Gold slides 3% as Middle East escalation fuels inflation, rate-hike concerns

GLOBAL-PRECIOUS:Gold slides 3% as Middle East escalation fuels inflation, rate-hike concerns

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MintLean R·2h ago
Gold slides 3% as Middle East escalation fuels inflation, rate-hike concerns
GLOBAL-PRECIOUS:Gold slides 3% as Middle East escalation fuels inflation, rate-hike concerns
Read at Mint →
Economic TimesLean R·5h ago

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Gold slides 3% as Middle East escalation fuels inflation, rate-hike concerns

Gold prices dropped over 3% as escalating U.S.-Iran tensions fueled inflation and interest rate hike fears. Investors awaited key U.S. data, including the Producer Price Index, to gauge the Federal Reserve's monetary policy. Despite recent consolidation, inflation and central bank buying continue to support gold.

Read at Economic Times →

MintLean R·2h ago

Wall Street indexes fall 1%, dragged by tech and worries about Middle East

Economic TimesLean R·4h ago

ADIA to sell Rs 1,944 crore Lenskart stake days after SoftBank exit

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Gold slides 3% as Middle East escalation fuels inflation, rate-hike concerns · Hindustan Sphere