Gold Posts Second Weekly Decline Amid US-Iran Tensions and Uncertain Outlook
Gold experienced a second consecutive weekly decline as US-Iran tensions remain unresolved, impacting inflation expectations and central bank rate cut prospects. The precious metal closed nearly flat despite fluctuations, with the dollar strengthening against gold due to potential tariff threats. Analysts remain bullish on gold, citing central bank gold purchases.
Tickers: $JPM
Topics: Central Bank Policy Geopolitical Risk Gold Inflation US-Iran Relations