Gold Faces Biggest Weekly Loss in 6 Weeks as US-Iran Clashes and Oil Spike Fuel Inflation Fears

Gold was on track for its biggest weekly loss in six on Friday, as escalating U.S.-Iran clashes lifted oil prices, adding to inflationary pressures and strengthening the case for higher U.S. interest rates. Spot gold was up 0.3% at $3,980.64 per ounce by 0455 GMT, having touched

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