US-Iran Conflict Escalates, Gold Prices Drop to $3,995 per Ounce
By: www.jin10.com|2026/07/19 23:58:42
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The conflict between the US and Iran has escalated, with markets anticipating that the Federal Reserve may raise interest rates to curb inflation, causing gold prices to fall to $3,995 per ounce. Following a drop of over 2% last week, trading is currently at this level. Hostilities in the Middle East have intensified, with a key oil facility in Kuwait being attacked, leading to a surge in oil prices. Tehran has stated that the ceasefire agreement between the US and Iran is void, raising concerns about disruptions to critical energy supplies.
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