BusinessPhoto: Mint MarketsGold Prices Fluctuate Amid Fed Rate Outlook and Middle East Tensions
Gold prices fluctuated as traders evaluated the Federal Reserve's interest rate path amid renewed Middle East tensions. The US State Department ordered non-emergency staff departures from Saudi Arabia due to potential hostilities, particularly involving Iran-aligned Houthi militia in Yemen. Gold traded up 0.2% to $4,133.32 an ounce, while Brent oil stayed above $109 a barrel. The US-Iran conflict since February has disrupted energy supplies, raised inflation, and influenced central bank policies.
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