Reported about 14 hours ago
Gold experienced volatility as traders reacted to escalating tensions in the Middle East following US strikes on Iran. Despite an initial increase, gold prices fell to around $3,360 an ounce. While the ongoing conflict has potentially supported gold's rise this year, concerns of inflation from rising energy prices may negatively affect bullion. Analysts suggest that a combination of uncertainty and favorable monetary policies may keep gold prices near record levels in the near future.
Source: YAHOO