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Gold slips as markets assess Mideast tensions ahead of US inflation data
Gold prices fell on Tuesday, as markets weighed developments in the Middle East conflict and interest rate expectations ahead of key U.S. inflation data. Spot gold fell 0.6% at $4,705.99 per ounce by 0603 GMT, after climbing to a three-week high earlier in the session. U.S. gold futures for June delivery lost 0.3% to $4,714.50.Hopes for a peace deal on Iran faded after U.S. President Donald Trump said a ceasefire with Iran was “on life support” as Tehran rejected a U.S. proposal to end the conflict and stuck to a list of demands the U.S. president described as “garbage”. “We’ve already seen expectations ... (full story)