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Gold prices near $4,022 per ounce amid market fluctuations — Sada News Agency

Gold prices near $4,022 per ounce amid market fluctuations — Sada News Agency

The article discusses the impact of escalating tensions in the Strait of Hormuz on gold and energy prices. The disruption of hostilities has led to a surge in energy costs and expectations of a U.S. interest rate hike, which put downward pressure on gold prices, causing it to fall close to $4,022 per ounce after a 2.9% drop on Monday. This comes amid concerns over tightening global monetary policies and increasing tensions between the United States and Iran.

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