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Gold prices fall 12% in Asia as oil surge and hawkish Fed dampen rate-cut hopes

Asia's gold rally fades as surging oil prices from Iran war revive inflation fears, reducing rate-cut expectations. Gold fell 12% from a Feb peak to $4,620/oz Friday.

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Friday, 1 May 2026 at 23:39 UTC
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Asia's gold rally fades as surging oil prices from Iran war revive inflation fears, reducing rate-cut expectations. Gold fell 12% from a Feb peak to $4,620/oz Friday.
e/eineurope · topic · T-18219