Gold Falls Below $4,200 for First Time Since December on Iran Strikes, CPI Fears

Gold cracked below $4,200 Wednesday for the first time since December, sliding to $4,156.39 as overnight military exchanges between the U.S. and Iran collided with anxiety over inflation as May’s inflation hit a three year high at 4.2%. The spot market opened the session at $4,253.00, already down 0.2% from Tuesday’s close and 1.8% below […] The post Gold Falls Below $4,200 for First Time Since December on Iran Strikes, CPI Fears appeared first on the deep dive.