104 Days
 الصحة والعلوم الشرق الأوسط
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الصحة والعلوم الشرق الأوسط

2026-06-03T06:14:10.000Z

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 الصحة والعلوم الشرق الأوسط

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Gold dips amid Middle East clashes and high rate fears

Gold dips amid Middle East clashes and high rate fears

Gold prices declined slightly due to escalating tensions in the Middle East, where the region experienced military escalation and failed Iranian missile attacks against Bahrain and Kuwait. This led to a more than 1 percent rise in oil prices and heightened concerns over ongoing inflation and the need to raise interest rates. Additionally, the spot gold price dropped by 0.2 percent to $4,476.50 per ounce, amid a decline in other metal prices. Meanwhile, Switzerland's gold exports fell by 20 percent in April, and India imposed restrictions on silver imports to tackle economic pressures.

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