Gold drops as tensions rise

Gold prices fell today, Monday, by 0.4% to approximately $4,000.55 per ounce, influenced by escalating tensions in the Middle East and a rise in Brent crude oil prices exceeding $90 a barrel, which heightened inflation concerns. This coincided with a 3% increase in oil prices amid ongoing military tensions between the United States and Iran and increasing Iranian attacks in the region. Meanwhile, other precious metals like silver, platinum, and palladium experienced slight gains.

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