EconomyGold falls as Middle East conflict dims hopes for easing inflation
Gold prices fell on Thursday as the escalating conflict in the Middle East raised concerns that the U.S. Federal Reserve could increase interest rates this year. Those rate-hike worries outweighed recent optimism that inflation pressures were easing. The conflict has therefore shifted market attention toward the possibility of tighter monetary policy. That change in expectations put downward pressure on gold.
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Gold falls as Middle East conflict dims hopes for easing inflation
Economy