Gold Prices Fall Amid Stronger Dollar and Oil Concerns
Spot gold fell 0.8 percent today as rising oil prices and a stronger dollar increased inflation concerns. Investors remain cautious amid stalled U.S.-Iran talks.
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Gold prices retreated on Thursday as a strengthening dollar and surging energy costs fueled concerns over persistent inflation, complicating the outlook for interest rate cuts. Spot gold declined 0.8% to $4,699.85 per ounce, while futures for June delivery in the United States mirrored the drop, settling at $4,716.20.
