CNBC·3 min read·medium
Gold wavers as investors weigh US strikes on Iran, await Fed minutes
R
Reuters
✦AI Summary
Gold prices dropped significantly as investors reacted to rising oil prices and geopolitical tensions following the collapse of a peace deal between the U.S. and Iran. Markets are now closely monitoring Federal Reserve minutes for potential interest rate hikes.
Gold futures fell more than 2% on Wednesday after U.S. President Donald Trump said an interim peace deal with Iran was "over," sending oil prices higher and reviving fears of inflation and higher interest rates.
businesseconomy
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