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Gold's Volatility Mounts Amid Rising US-Iran Tensions and Federal Reserve Expectations
Gold prices experienced fluctuations due to escalating US-Iran tensions and expectations of an interest rate hike in the United States. The price of an ounce was estimated at $4,125.59 after increasing by 0.5%, amid growing concerns over inflation and tightening monetary policies. This was followed by a rise in oil prices and the dollar, with predictions of more than a 63% chance of an interest rate increase in September. Other metals also saw oscillations between gains and losses, as financial anxiety grew amid the political escalation in the region.
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