Gold slips to $4,061 as Iran conflict lifts oil, rate hike odds
Gold prices declined on Thursday, trading close to the previous session's one-week low, as escalating U.S.-Iran hostilities pushed oil prices higher and revived worries over inflation and the prospect of prolonged elevated interest rates.
July 09, 2026 (MLN): Gold prices declined on Thursday, trading close to the previous session's one-week low, as escalating U.S.-Iran hostilities pushed oil prices higher and revived worries over inflation and the prospect of prolonged elevated interest rates. Currently, spot gold is down 1.17% to $4,061.12 an ounce as of [09:52 am] PST, according to data reported by Mettis Global. The U.S. military said Wedne...