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Gold Falls to $4,657: Why Rising Oil Prices and Trump-Xi Tension Are Hurting the Yellow Metal

Gold Falls to $4,657: Why Rising Oil Prices and Trump-Xi Tension Are Hurting the Yellow Metal

Gold prices tumbled on Monday, dropping 1.2% to $4,657.89 per ounce as the market reacted to stalled U.S.-Iran peace talks. While geopolitical tension usually helps gold, the resulting spike in crude oil prices has shifted the focus to inflation.

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