Gold prices slipped amid escalating US-Iran tensions as global inflation fears persist despite talks for a potential ceasefire. The precious metal fell by about 0.6% to $4,542.20 an ounce.
Amidst the ongoing conflict between Iran and the U.S., gold prices have been volatile due to geopolitical uncertainties that typically drive investors towards safer assets like bullion amid fears of inflation, especially when nations engage in military confrontations.