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Gold hits two-month low as US-Iran tension stokes inflation
Gold prices fell to a two-month low on Thursday as fresh US attacks on Iran boosted the dollar and pushed oil prices higher, stoking concerns about rising inflation and clouding the interest rate outlook.
Spot gold was down 1.8% at $4 375.78 per ounce, as of 0611 GMT, earlier falling to its lowest level since March 26. US gold futures for June delivery fell 1.6% to $4 373.90.
The dollar rose.
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