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Asia

Gold drops more than 1% as rising Middle East tensions add to rate-hike fears

Markets-Economic Times · 1h ago · 🇮🇳 India

Gold drops more than 1% as rising Middle East tensions add to rate-hike fears

Gold prices saw a notable decline amidst rising tensions in the Middle East, driven by concerns over inflation linked to escalating oil prices. The prospect of an interest rate hike from the Federal Reserve in September is keeping traders on edge as they await crucial economic data releases this week. Prices for other precious metals also suffered losses on Monday.

Read the full story at Markets-Economic Times →

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