Gold at risk of another selloff as a crucial US CPI report looms amid renewed US-Iran crisis

FUNDAMENTAL OVERVIEW It wasn’t a good start to the week for gold as the precious metal fell by more than 3% yesterday as the US reimposed the naval blockade and Iran declared the Strait of Hormuz closed. Oil prices are surging again, and inflation worries are back on the menu. This has triggered another hawkish repricing in interest rate expectations. Moreo…

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