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Gold Declines as Fresh US-Iran Tension Fans Inflation Concerns
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Gold Declines as Fresh US-Iran Tension Fans Inflation Concerns

Bloomberg Markets · Jun 29, 2026, 12:07 AM · Also reported by 2 other sources

Gold declined to near $4,000 an ounce after the US and Iran traded attacks in the Persian Gulf, straining a ceasefire that had last week seen energy prices fall to pre-war levels and help temper expectations for an interest-rate hike.

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Also covered by

The Guardian Fresh hostilities in Gulf suggest US-Iran memorandum was too broadly worded France 24 Iran attacks Bahrain and Kuwait, threatens to halt talks after fresh US strikes

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