108 Days
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Gold hits two-week low amid escalating tensions with Iran
Gold prices sharply declined to their lowest levels in two weeks due to escalating tensions between the United States and Iran. The airstrikes on Iranian sites and the resumption of maritime blockades in the Gulf caused oil prices to rise by about 9%, prompting investors to turn to the dollar as a safe haven. Meanwhile, markets are awaiting US inflation data and are cautious about a potential interest rate hike in September, which has increased pressure on precious metal prices.
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