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Gold Slumps As Inflation Concerns Return Due To Continuing U.S.-Iran Standoff
Source: Nasdaq
Commodities & Raw MaterialsInflationGeopolitics & WarCurrency & FXEconomic Data
Gold prices moved sharply lower Friday, partly erasing gains from the prior two sessions. The article attributes pressure to renewed inflation concerns, uncertainty around U.S. actions on Iran, and a strengthening U.S. dollar after nonfarm payrolls data came in stronger than expected.
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