Gold reversed yesterday's gains and tumbled on Wednesday as the Middle East war looks set to continue with Iran toughening its stance, weighing on safe-haven flows. Soaring oil prices have heightened longer-term inflation concerns, strengthening the U.S. dollar and adding further downward pressure on gold and other commodity-linked assets.
Gold reversed yesterday's gains and tumbled on Wednesday as the Middle East war looks set to continue with Iran toughening its stance, weighing on safe-haven flows. Soaring oil prices have heightened longer-term inflation concerns, strengthening the U.S. dollar and adding further downward pressure on gold and other commodity-linked assets.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.35
