Gold prices saw an increase on Friday, driven by escalating U.S.-Iran tensions, which fueled energy prices and inflation concerns, reinforcing expectations of potential U.S. interest rate hikes.

Global

Who

Federal Reserve

What

When

Sat, 18 Jul 2026 04:57:00 GMT · 2h 27m ago

Where

Global ·

Why

Escalating U.S.-Iran tensions fueled energy prices and inflation concerns, reinforcing expectations of potential U.S. interest rate hikes by the Federal Reserve, which typically pressures non-yielding assets like gold.

The Frontline Impact

How this affects you

Gold is set for its biggest weekly drop since early June. Higher interest rates are expected to pressure the non-yielding metal, while other precious metals like silver, platinum, and palladium also experienced weekly losses.

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Verified Sources & Citations

The Economic Times
https://economictimes.indiatimes.com/markets/commodities/news/gold-set-for-biggest-weekly-drop-since-early-june-on-inflation-rate-hike-worries/articleshow/132474140.cms
HIGH

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