Gold slides to its lowest price since March as Middle East escalation fuels inflation, rate-hike concerns

Gold prices fell more than 3% as fears of a wider U.S.-backed war with Iran and concerns about higher interest rates pressured the metal. Investors are also watching key U.S. data for clues on the monetary policy path, with inflation and rate expectations driving the move.

Analysis

Gold prices fell more than 3% as fears of a wider U.S.-backed war with Iran and concerns about higher interest rates pressured the metal. Investors are also watching key U.S. data for clues on the monetary policy path, with inflation and rate expectations driving the move.