Gold drops to six-month lows
Gold prices fell to their lowest level in over six months, reaching around $4,064 per ounce, amid rising oil prices following recent U.S. strikes on Iran. This has heightened inflation risks and led to expectations of extended high interest rates. Additionally, oil prices increased by more than two dollars after Iran closed the Strait of Hormuz, while data indicates a surge in inflation in the United States, with forecasts that the Federal Reserve will keep interest rates high until 2027.
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