Occasional Digest

Gold drops below $4,000 as U.S.-Iran strikes lift crude oil, sparking rate-hike worries

stack of shiny gold bars 3d illustration

monsitj/iStock via Getty Images

Front-month gold futures plunged below $4,000/oz Monday after fresh strikes between the U.S. and Iran sent oil prices surging higher, reviving concerns about inflation and the potential for tighter monetary policy.

The latest escalation and President Trump’s declaration that the

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