Singapore, 29 June 2026 – Gold declined as renewed tensions between the United States and Iran revived concerns over inflation, higher energy prices and the prospect of central banks keeping interest rates elevated for longer.
The precious metal has come under pressure despite its traditional reputation as a safe-haven asset. Traders are increasingly focused on the inflationary impact of Middle East tensions, particularly if disruptions around energy supply keep oil prices high and complicate the outlook for monetary policy.
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