Gold dips as Mideast hostilities revive inflation concerns
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Gold dips as Mideast hostilities revive inflation concerns
BENGALURU (July 9): Gold prices fell on Thursday after hitting a one-week low in the previous session, as US President Donald Trump's declaration that an interim agreement to end the war with Iran was "over" reignited concerns over higher inflation and interest rates. Spot gold fell 0.3% to US$4,06»»»
Tensions with Iran add fresh uncertainty to an already shaky global economy
Renewed fighting between the U.S. and Iran added yet another dose of uncertainty to the global economy. Crude oil prices jumped and stock prices fell after President Trump declared an end to the fragile ceasefire in the Strait of Hormuz. The U.S. military attacked dozens of targets along the Irania»»»
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