Why is the price of gold trending down? (opens original article in a new tab)

Gold prices are declining due to rising inflation, potential interest rate hikes, and a strong dollar linked to the Iran conflict.

• Gold prices have fallen from $5,303 to $4,235 per troy ounce since February.
• Rising inflation and potential interest rate hikes are pressuring gold prices.
• The Iran conflict has strengthened the dollar, which inversely affects gold prices.