← Latest news 
Gold slips as stronger dollar and US Iran tensions lift oil and inflation fears
Economy
Published on 24 April 2026
One risk factor is pushing oil higher, not gold
Gold fell sharply on Monday as the US dollar strengthened, making the metal costlier for buyers using other currencies. The move came alongside a jump in oil prices driven by renewed US-Iran tensions, reviving inflation concerns. In India, demand stayed muted because of high prices, while other precious metals also declined.
- Gold prices dropped as the dollar strengthened
- Oil rose on renewed US-Iran tensions
- Inflation worries returned with higher energy costs
- India’s gold demand remained subdued due to high prices
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times