Gold Holds Losses as Iran Impasse Keeps Rate Hike Bets High
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Article Excerpt
nfvryyne3huvi2tw2)r(5(f[_media_dl_1.png Bloomberg Article content (Bloomberg) — Gold held a decline as a lack of progress in reopening the Strait of Hormuz continued to fuel concerns over inflation and increase bets that global central banks may hike interest rates. Article content Bullion was trading around $4,465 an ounce, after falling almost 2% on Tuesday. Price pressures stemming from the Iran war helped fuel a selloff in global bond markets, with Treasury 30-year yields climbing to a level last seen on the brink of the global financial crisis in 2007. Article content Article content Arti…
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Jun 3, 2026