The escalation of the US Iran conflict has intensified concerns about energy supply, and the expectation of a Fed interest rate hike has led to a weakening of gold prices

According to a report by Golden Ten, the escalation of the US Iran conflict has led to a surge in oil prices. Tehran has announced the cancellation of the US Iran ceasefire agreement, and the market is concerned about energy supply disruptions. At the same time, expectations of a Fed interest rate hike are hitting gold prices, which are currently trading around $3995 per ounce.