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Gold prices held losses following reports of military exchanges between the U.S. and Iran in the Persian Gulf on Monday. The incident threatens a four-week-old ceasefire in the region. It also raises potential risks for inflation.
BloombergGold prices edged lower following stalled efforts to resume peace talks between the United States and Iran. The development occurs two months into a war that has disrupted global markets. The conflict has also contributed to increased risks of inflation.
citizen.co.zaThe Reserve Bank of India has noted potential second-round inflation risks if the Mideast war persists. Deputy Governor Gupta expressed this view in an interview with ET. The comments reflect concerns about economic effects from geopolitical tensions in the region.