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Gold falls as oil tops $111 and Trump expresses skepticism toward Iran
Trading floors in recent days have
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Trading floors in recent days have been sensitive to the worsening geopolitical agenda and to rate expectations. On Tuesday, gold posted its biggest drop in three weeks. High oil prices are adding pressure: the market is pricing in higher inflation and reassessing how the Middle East conflict might affect monetary policy. At 07:46 GMT, the spot price of gold was down 1.1% at $4,628 per ounce — the lowest level since April 7. US June gold futures also fell 1.1% to
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