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Wed, Jun 10 05:59 PM

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FinanceBloomberg Markets18h ago

Gold Slumps as Faster US Inflation Fuels Fed Rate Hike Fears

Gold and other precious metals held big losses after headline US consumer prices rose by the most in more than three years, fueling ongoing worries that the Federal Reserve will soon need to start raising interest rates.

FinanceBloomberg Markets18h ago

Gold Slumps Below $4,200 as Renewed US-Iran Clashes Test Truce

Gold extended a decline after the US launched strikes against Iran in retaliation for the downing of a military helicopter, jeopardizing efforts to end the war that’s roiled global markets and raised inflation risks.