Svmuu News On Tuesday, gold prices fell; Earlier, the renewed tensions between the US and Iran pushed Brent crude oil prices higher and clouded the outlook for US interest rates, causing concerns over rising inflation that put downward pressure on gold prices. Spot gold once fell 1.1% to $4,521.80 per ounce. Ricardo Evangelista, an analyst at ActivTrades, said: "This uncertainty has triggered a rise in oil prices, exacerbated inflation concerns, and strengthened market expectations for the Fed to adopt a hawkish stance, which poses headwinds for gold." "The path of least resistance for gold prices remains to the downside... Traders will continue to monitor the progress of US-Iran negotiations while also looking ahead to the release of the US PCE inflation data." (Jin Shi)