Update: Gold Falls as Fresh Middle East Fighting Lifts Oil, Revives Inflation Worries
() -- (Updates prices in the second and final paragraphs.) Gold traded lower Wednesday as renewed fighting between Iran and the U.S. boosted oil prices and the dollar, reviving inflation fears that weighed on the precious metal. Gold for August delivery was last seen down $80.90, or 2%, to $4,076.50 per ounce, the lowe