16 Hrs
Source:
الراي
Gold drops as oil and dollar climb amid US-Iran tensions
Gold prices declined by more than 1.8%, reaching their lowest level since March 23, amid a strengthening dollar and rising oil prices due to renewed clashes between the United States and Iran, as well as increased fears of inflation and rising interest rates. Tensions also heightened after Washington carried out airstrikes against Iran following the incident of an American helicopter being shot down in the Strait of Hormuz, which deepened doubts about the possibility of reaching a peace agreement and escalated regional tensions.
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