US Dollar Gold Prices Slip While Oil Rises After Trump Rejects Iran Deal

International commodity markets echoed the Indian move, with spot gold falling 3.13 percent to $4,185 per ounce and silver sliding 5.19 percent to $61.42 per ounce. The weakness was linked to President Donald Trump’s dismissal of Iran’s peace proposal, which pushed Brent crude up to $107 a barrel. Higher oil prices are expected to fuel inflationary pressures, prompting analysts to anticipate a more aggressive stance from the Federal Reserve on interest rates, further weighing on precious metals.