$SPDR Gold Shares(GLD.US) Gold prices fell over 1% following U.S. President Trump’s announcement that the interim peace deal with Iran is “over,” raising concerns about inflation and interest rates. Spot gold dropped to $4,060 per ounce, while oil prices surged more than 5% in response to geopolitical tensions. Analysts anticipate that gold prices will remain stable unless U.S. jobs data weakens and inflation decreases, with a 66% probability of a U.S. rate hike in September. While gold is traditionally considered a safe haven, higher energy prices due to the war have raised concerns of inflation and higher interest rates, which would weigh on the non-yielding metal. @Captain's Treasure