Gold Slips to $4,000 as US-Iran Clashes Shatter Ceasefire Hopes
Part of composite article Iran Strikes Bahrain and Kuwait, Threatens to End Talks as US Targets 10 Sites View full article →
Gold prices dropped to nearly $4,000 an ounce on Monday after the United States and Iran exchanged attacks in the Persian Gulf. The clashes broke a ceasefire that had allowed energy prices to fall to levels seen before the conflict. Analysts say the renewed tension is reviving inflation fears, which reduces the likelihood of an interest-rate cut. Investors are now watching for further military escalation.