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Gold slips in Asia as Middle East tensions and dollar rise

Gold is lower in early Asian trade, as risk sentiment is weighed by escalating Middle East tensions, a stronger U.S. dollar and rising bond yields, ANZ Research says.

XAUUSD

Gold falls in the early Asian trade.

Sentiment is likely weighed by escalating tensions in the Middle East, a stronger U.S. dollar and rising bond yields, ANZ Research writes in a note.

The prospect of higher energy prices is causing worries about inflationary pressures that could prompt the Fed to…