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Gold Tumbles 15% Since Late February Conflict as Energy Crisis Ignites Inflation
Gold saw a decline as new fighting in the Persian Gulf dampened expectations for a peace agreement between the United States and Iran and reaffirmed worries that inflation might prolong the rise in interest rates. Bullion was trading just over $4,500 per ounce in Asian hours on Wednesday after dropping 1.4 percent on Tuesday. US Secretary of State Marco Rubio stated that any agreement would probably take a few days to finalize; however, hostilities between US and Iranian forces near the Strait of Hormuz persisted despite both sides claiming progress toward an interim peace agreement. Traders were taking advantage of ... (full story)
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- May 27, 2026 1:40am Posted byFundamental Analysis88
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