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News 2026-07-08 13:03 UTC

Gold Falls as Fresh Middle East Fighting Lifts Oil, Revives Inflation Worries

() -- Gold traded lower early 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 up $76.10, or 1.8%, to $4,081.30 per ounce, the lowest since June 30. The drop follows renewed figh