Gold sinks more than 3% amid inflation fears

Gold sinks more than 3% amid inflation fears

The Star Online - Business·2026-03-24 08:00

NEW YORK: Gold has fallen sharply and is close to wiping out this year’s gains, as the war in the Middle East enters its fourth week and the United States and Iran trade threats of new attacks.

Bullion plunged as much as 3.8% to US$4,320.30 an ounce – less than a dollar above where it ended last year.

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