Gold falls on inflation concerns
Gold prices declined at the start of Asian trading due to inflation concerns and expectations of interest rate hikes, with the spot price of an ounce falling to around $4,368.33, and U.S. gold futures dropping to $4,406.70. This decline follows heightened economic worries amid developments in the Middle East and is driven by the anticipated interest rate increases, which negatively impact gold's appeal as a safe haven.
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