Spot Gold Falls on U.S. Strikes in Southern Iran; Three Killed on May 26

GateNews
According to the U.S. Central Command, spot gold edged lower during Asian trading on May 26 following self-defense strikes in southern Iran that resulted in three deaths. Traders are closely monitoring military actions that could disrupt ongoing negotiations. Israel stated it will intensify strikes against Hezbollah during U.S.-Iran talks. Since late February, gold prices have fallen approximately 13% amid rising geopolitical tensions and increased expectations for U.S. Federal Reserve rate hikes.
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