Gold Falls as War Hikes Oil Prices and Dims Fed Rate-Cut Outlook

Photographer: Brendon Thorne/Bloomberg Gold fell, pressured by strength of the US dollar and the prospect of less monetary easing as the war in Iran sent oil prices soaring. Bullion fell as much as 2.3% on Thursday while the dollar strengthened as both US President Donald Trump and Iran’s new supreme leader, Mojtaba Khamenei, struck defiant tones on the 13th day of the war, offering little relief to energy markets. Most Read from Bloomberg About two weeks into the US-Israeli war with Iran, millions of ...