Gold drops below $4,000 as U.S.-Iran strikes lift crude oil, sparking rate-hike worries

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Front-month gold futures plunged below $4,000/oz Monday after fresh strikes between the U.S. and Iran sent oil prices surging higher, reviving concerns about inflation and the potential for tighter monetary policy. The latest escalation and President Trump's declaration that the

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The gold price fell below $4,000. The oil price surged due to the US-Iran attack, and concerns about inflation and interest rate hikes are rising again.

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