Gold prices experienced a decline, heading towards weekly losses amidst escalating concerns that heightened tensions between the United States and Iran could fuel inflation, compelling the U.S. Federal Reserve to maintain a hawkish monetary policy stance. The precious metal dropped
in spot transactions to $4115 per ounce on Friday morning (July 10, 2026), and is projected to record a weekly loss of approximately 1.5%. In this context, Tim Waterer, a senior market analyst at KCM Trade, stated that "traders are
hesitant to bet on further upside amid ongoing uncertainty surrounding US-Iran relations." Concurrently, oil prices are poised to achieve weekly gains due to the continued exchange of strikes between the two nations. The latest round of these skirmishes has ignited
fears of rising inflation, which in turn strengthened the likelihood of the Federal Reserve implementing interest rate hikes later this year.
