Gold Falls as US-Iran Hostilities Keep Rate Hike Bets on Table


The Iran conflict, now in its fifth month, is again driving up energy and commodity prices from fuel to raw materials used in manufacturing and food production. That’s kindling fears the Fed may eventually tighten monetary policy, even as soft US economic data suggest a rate hike isn’t likely in the near term. Higher borrowing costs are a headwind for non-yielding bullion.



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