BusinessGold Prices Fall Amid US-Iran Tensions and Strong Dollar
Gold prices declined on Monday despite escalating US-Iran tensions, as a stronger dollar and concerns over sustained inflation reduced bullion's appeal. Spot gold in London dropped 0.6% to $4,684.32 an ounce, while US June gold futures fell 0.8% to $4,692.70 on Comex. Traders are balancing geopolitical risks against expectations of persistent inflation and delayed US interest rate cuts.
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