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Gold falls amid US-Iran tensions and inflation worries
Gold prices have fallen back to near the 4,000-dollar mark per ounce due to escalating tensions between the United States and Iran, following a series of exchanges of attacks in recent days. This has triggered market concerns, leading to volatility in energy prices and rising oil costs. Nonetheless, the market has shown relative resilience to inflationary waves and political movements, with gold remaining above this level, despite a decline of 1.2% to approximately $4,045 per ounce. These developments come amid intensifying tensions in the Middle East and their ongoing impact on global markets.
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