Gold falls on oil-driven inflation worries as US-Iran talks falter
Crypto Briefing
Gold prices declined as failed US-Iran negotiations boosted oil prices, strengthening the dollar and intensifying inflation concerns.Summary
Gold prices dropped as diplomatic talks between the US and Iran collapsed, following President Trump's rejection of Iran's peace proposal. The resulting uncertainty over the Strait of Hormuz led to a spike in crude oil prices, which triggered inflation fears and strengthened the US dollar. As investors anticipate that the Federal Reserve may maintain or raise interest rates to combat energy-driven inflation, gold—a non-yielding asset—has become less attractive, leaving prices to fluctuate within a projected range of $4,400 to $4,800.
(Source：Crypto Briefing)