Gold Eases as Middle East Hostilities Revive Inflation Fears

09/07/2026 06:06 AST


Asharq Al Awsat

News

Gold Heads for Biggest Weekly Loss in Six as Middle East War Fans Inflation Worries

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Gold was on track for its biggest weekly loss in six on Friday, as escalating US-Iran clashes lifted oil prices, adding to inflationary pressures and strengthening the case for higher US interest rat

Asharq Al Awsat

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Gold Heads for Biggest Weekly Loss in Six as Middle East War Fans Inflation Worries

17/07/2026

Gold was on track for its biggest weekly loss in six on Friday, as escalating US-Iran clashes lifted oil prices, adding to inflationary pressures and strengthening the case for higher US interest rat

Asharq Al Awsat

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Gold prices extended their decline on Thursday morning, with the 24K variant falling Dh11.50 per gram over the past week as investors remained cautious amid uncertainty over inflation and interest ra

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Gold prices slipped on Wednesday as escalating tensions in the Middle East continued to stoke inflation concerns, reinforcing expectations of higher US interest rates.

Spot gold fell 0.7% to

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