Gold slides over 1% as oil jumps 4% on Hormuz fears, Fed inflation warning

Gold's slide of more than 1% alongside a stronger dollar reflects markets reviving expectations for elevated interest rates as oil's sharp 4% jump adds to inflationary pressure, a dynamic that typically weighs on non-yielding assets like bullion even amid heightened geopolitical risk. Oil's move higher builds directly on Monday's earlier 3% surge, extending…

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