Gold Plunges as U.S.-Iran Deal Hopes Sink and Oil Rises
Gold extended losses for a third session Thursday as crude oil surged after President Donald Trump said the U.S. no longer wants a deal with Iran. The report also cited renewed inflation concerns and expectations for U.S. rate hikes.
WASHINGTON (dpa-AFX) - Adding to the previous two sessions of losses, gold prices have plunged on Thursday after crude oil prices soared following U.S. President Donald Trump's remarks that the U.S. no longer wants any deal with Iran. The return of inflation concerns renewed U.S.
rate hike expectat…