Gold Falls as US-Iran Hostilities Keep Rate Hike Bets on Table

Gold prices declined following an escalation of attacks between the US and Iran over the weekend. This surge in geopolitical tensions has strengthened market expectations that the Federal Reserve may implement interest rate hikes to control inflation. While prices fell amid these tensions and Fed rate hike anticipations, some speculative forecasts suggest gold could potentially hit $15,000 by December, reflecting a complex interplay between geopolitical instability and US monetary policy expectations.