Gold Erases 2026 Gains as Middle East War Fuels Inflation Fears

Core Viewpoint - Gold has lost all of its gains for the year due to concerns about inflation and rising interest rates stemming from the ongoing conflict in the Middle East, negatively impacting the outlook for this non-yielding asset [1] Group 1 - The war in the Middle East has heightened worries about inflation [1] - Increased interest rates are contributing to a dimmer outlook for gold [1] - Gold's performance reflects a broader trend of market volatility influenced by geopolitical events [1]