Gold: Gold fell more than one percent today to its lowest level in 11 weeks, as the dollar and oil prices rose following renewed hostilities between the United States and Iran, rising inflation fears and reinforcing expectations of higher interest rates for longer.
According to Oman News Agency, spot gold dropped 1.8 percent to $4,187.59 per ounce, touching its weakest level since 23 March. US gold futures for August delivery fell 1.7 percent to $4,213.40 per ounce.
A stronger dollar made the precious metal more expensive for holders of other currencies, while a one percent rise in oil prices fueled inflation concerns.
Spot silver fell 1.5 percent to $64.43 per ounce, platinum dropped 2.8 percent to $1,678.10 per ounce, and palladium declined 0.8 percent to $1,212.31 per ounce.