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Bloomberg

Gold Holds Decline as US Strikes on Iran Magnify Inflation Risks

Wednesday, July 8, 2026


Gold prices declined as the United States conducted strikes against Iran on a second consecutive day, pushing energy prices higher. The increase in energy costs raised concerns about potential inflationary pressure in the broader economy.

Original reporting: https://www.bloomberg.com/news/articles/2026-07-08/gold-holds-decline-as-us-strikes-on-iran-magnify-inflation-risks

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