Gold edges higher as Iran conflict dims bets on rate cuts
TL;DR Summary
Gold edged up in European trading but remains on track for a deep weekly loss as the Iran conflict raises inflation worries and dents bets on near-term rate cuts; spot gold around $4,657/oz and futures near $4,658/oz, with the week’s decline about 8% as the dollar weakens and energy price pressures cloud central bank policy.
- Gold prices rebound but head for deep weekly loss as Iran war dents rate cut bets Investing.com
- Gold Drops Nearly 6%. Why It Is Losing Out to Higher Oil Prices and Interest Rates. Barron's
- Gold rebounds, but silver extends losses as oscillating oil prices spark market volatility CNBC
- Gold set for third weekly fall on hawkish US Fed, elevated dollar Reuters
- Gold and silver plummet — here’s why Iran war is hammering prices New York Post
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