Gold hits over 6-month low on rate-hike concerns amid Mideast conflict

Gold hit a more than six-month low on Thursday, as fresh US strikes on Iran drove oil prices higher, deepening concerns ​around inflation and higher-for-longer interest rates. Fundamentals Spot gold was ‌down 0.2% at $4,063.87 per ounce, as of 0043 GMT, after hitting its lowest level since November 21 earlier in the day. US gold futures for August ​delivery were down 1.1% at $4,086.50. The United States began a ​fresh round of strikes against multiple targets overnight in Iran, the ⁠US military said on Wednesday, hours after President Donald Trump ​vowed new attacks if no peace deal is secured.