Yonhap Infomax NewsGold prices fell 1.30% to $4,448.60 as Iran war enters fifth week with Yemen's Houthi rebels joining conflict, while Turkey sold 60 tons of central bank gold reserves worth $8 billion to defend lira amid oil price surge, with Federal Reserve rate concerns adding further pressure on precious metal markets.
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#YonhapInfomax #GoldPrices #IranWar #CentralBankGold #OilPrices #FederalReserve #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=112732
Gold Prices Fall on Prospects of Prolonged Iran War
Gold prices fell 1.30% to $4,448.60 as Iran war enters fifth week with Yemen's Houthi rebels joining conflict, while Turkey sold 60 tons of central bank gold reserves worth $8 billion to defend lira amid oil price surge, with Federal Reserve rate concerns adding further pressure on precious metal markets.