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Gold Extends Decline as Iran Tensions Rekindle Inflation Fears
Gold and silver extended declines as an uptick in Middle East tensions refocused investor attention on prolonged energy-market tightness that may lead to higher interest rates. Markets reacted as US President Donald Trump said the US “must respond” after he blamed Iran for shooting down an American military helicopter off Oman, posing a new threat to the peace deal he’s said for weeks is close. Bullion fell as much 2.2% and oil pared some of its losses. Copper futures in London gave up earlier gains Tuesday to close little changed. Trump’s comments prompted concern over a potential return to clashes in the ... (full story)
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- Jun 9, 5:01pm | 5 hr ago Posted byFundamental Analysis83
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