Gold falls as renewed U.S.-Iran tensions dampen peace hopes, clouds interest rate outlook

From cnbc.com

Gold fell on Tuesday, weighed down by fears of elevated inflation ​after renewed U.S.-Iran ​tensions pushed up Brent ​prices and clouded the U.S. interest rate outlook. Spot gold was down 1.1% at $4,521.80 per ounce, as of 0737 GMT. U.S. gold futures for June delivery was unchanged ⁠at $4,522.50. “The uncertainty triggered an uptick in oil prices, sharpening ⁠inflationary fears and reinforcing hawkish Federal Reserve expectations, creating a headwind for non-yielding gold,” ActivTrades analyst Ricardo Evangelista said. “The path of least resistance for gold prices remains to the downside... Traders will ... (full story)