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Commodities

Inflation Fears Send Gold Prices Down Amid Rising Oil

Guavy AI Editorial Team
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Oil Gold
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Gold prices dipped on Tuesday as escalating tensions in the Middle East pushed crude oil prices higher and fueled fears of persistent inflation.

The spot price of gold slipped to $4,440.34 per ounce after holding near $4,454.68 earlier in the session.

The surge in energy prices following recent geopolitical military exchanges has reinforced expectations that the Federal Reserve may maintain a hawkish monetary policy path.

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