15 Days
Source:
المشهد
Gold faces pressure from rates energy and Iran deal
Gold prices declined slightly after the release of US inflation data for April, with the ounce falling to around $4,428. Although the data was below expectations and provided some support to gold, easing fears of monetary tightening, downward pressure remains due to expectations of a US interest rate hike. Meanwhile, tensions continue to rise with Iran after a US military base in Kuwait was targeted, and regional tensions in the Gulf are escalating.
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