Gold prices dropped over 1% as rising oil prices, fueled by renewed U.S.-Iran hostilities, heightened inflation and interest rate hike concerns. Traders are now pricing in a high probability of a Federal Reserve rate increase by December. Key U.S. inflation reports are anticipated this week.
Gold prices dropped over 1% as rising oil prices, fueled by renewed U.S.-Iran hostilities, heightened inflation and interest rate hike concerns. Traders are now pricing in a high probability of a Federal Reserve rate increase by December. Key U.S. inflation reports are anticipated this week.
<iframe src="https://hindustansphere.com/embed/cluster/fda36b3593790a6fa9978013fbe1944d02e75ac0" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Gold drops as oil climbs on renewed US-Iran hostilities"></iframe>
