Gold extends losses to nearly 3% after crucial inflation report
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Developing story — details emerging. Check the source link for the latest updates.
South Korea’s equity benchmark slipped Wednesday, with chip stocks resuming losses and risk appetite weakening following a US strike on Iran.
Gold extended a decline after the US launched fresh strikes against Iran in retaliation for the downing of a military helicopter, jeopardizing efforts to end the war that’s roiled global markets.
Gold extended declines after US President Donald Trump vowed to strike Iran again, rekindling concerns that oil disruptions will lead to higher interest rates.
US stocks rose Tuesday, extending gains to a second straight session, with chipmaker shares including Nvidia Corp. leading a broad advance.
Gold and silver extended declines as an uptick in Middle East tensions refocused investor attention on prolonged energy-market tightness that may lead to higher interest rates.