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Economics26m ago
Gold prices eased as U.S.-Iran strikes pushed oil prices higher and expectations of U.S. Federal Reserve interest rate hikes weighed on the non-yielding metal.
Global
Who
U.S. Federal Reserve
What
Gold prices eased as U.S.-Iran strikes pushed oil prices higher and expectations of U.S. Federal Reserve interest rate hikes weighed on the non-yielding metal.
When
Mon, 29 Jun 2026 03:17:49 GMT · 26m ago
Where
Global ·
Why
Geopolitical tensions in the Gulf and anticipated monetary policy tightening by the U.S. Federal Reserve.
The Frontline Impact
How this affects you
Gold prices experienced a decline due to rising oil prices stemming from U.S.-Iran strikes and increased speculation of further interest rate hikes by the U.S. Federal Reserve, which typically dampens demand for non-yielding assets like gold.
Story chain
2 events in this thread- Currently Reading26m agoGold prices eased as U.S.-Iran strikes pushed oil prices higher and expectations of U.S. Federal Reserve interest rate hikes weighed on the non-yielding metal.
- Economics1h 42m agoGold prices dipped as escalating U.S.-Iran tensions fueled oil prices, while anticipated U.S. Federal Reserve interest rate hikes added further pressure.Open article
Verified Sources & Citations
- HIGHThe Economic Timeshttps://economictimes.indiatimes.com/markets/commodities/news/gold-slips-as-us-iran-tensions-lift-oil-us-rate-hike-bets-weigh/articleshow/132061109.cms
- HIGHRepublic Worldhttps://www.republicworld.com/business/gold-slips-as-fresh-us-iran-strikes-boost-oil-fed-rate-hike-bets-weigh-2026-06-29-130365
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