Gold prices experienced a significant decline on Friday, driven by rising U.S. Treasury yields and a strengthening dollar. The selloff was exacerbated by growing concerns over inflation associated with the ongoing conflict in Iran, which has led investors to reassess their strategies in light of the Middle East energy crisis. As a result, the traditional safe-haven status of gold has been undermined, with market participants shifting their focus away from the metal amidst these economic pressures.
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