Gold ​prices fell for a second straight session on Monday as renewed hostilities in the Middle East added to inflationary concerns and bolstered expectations that the U.S. Federal Reserve will keep interest rates higher for longer. Spot gold slid 1.4% to $4,061.64 per ounce by 1100 ​GMT, while U.S. gold futures for August delivery were down 1.1% to $4,069.60. U.S. ​and Iranian forces exchanged heavy missile and drone assaults, with Tehran striking ⁠U.S. facilities in states across the Gulf and hinting at the closure of ​the Strait of Hormuz. Oil prices jumped over 3% on the news. "Renewed hostilities in ​the ... (full story)