Gold Set for Biggest Weekly Drop Since Early June Amid Inflation, Rate-Hike Worries

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precious metals

18 July 2026 at 1:21 pm

Gold Set for Biggest Weekly Drop Since Early June Amid Inflation, Rate-Hike Worries

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Summary

Gold prices increased on Friday due to escalating U.S.-Iran tensions, which fueled energy prices and inflation concerns, reinforcing expectations of potential U.S. interest rate hikes by the Federal Reserve.

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