Gold fluctuates amid Iran-U.S. clashes
Gold prices experienced sharp fluctuations following renewed clashes between the United States and Iran. American strikes and Iran's missile launches at U.S. bases led to disruptions in global markets. Reports indicated that the price of gold rose by as much as 1.1% during trading, recovering from an earlier dip near $4,000 per ounce. The events also disrupted energy flows and increased the likelihood of interest rate hikes to contain inflation.
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