Gold slides on prolonged Mideast conflict, silver struggles as Fed holds rates

Gold prices fell in early European trading on Friday, as markets saw fears rise of a prolonged Middle East conflict. This comes at a time when major central banks, including the Federal Reserve, ECB and the Bank of England, warned this week that a prolonged conflict could have significant implications for inflation and thus monetary policy. Reports suggest the US might launch new military attacks on Iran. This renews worries for market participants that the situation will get even worse and lead to more fighting. Due to the US dollar being seen as the safest money to hold during scary The post Gold slides on prolonged Mideast conflict, silver struggles as Fed holds rates appeared first on Financial Mirror .

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