Gold price today slides from $5,100 as oil shock lifts dollar, rate fears
Spot gold dropped 1.2% to $5,109.39/oz by 10:12 GMT Monday as a stronger dollar and surging oil prices pressured markets amid the U.S.-Israel-Iran war. Brent oil briefly hit $119.50 a barrel, reviving inflation fears and reducing bets on near-term U.S. rate cuts. Silver eased to $84.07/oz, while platinum and palladium also fell. U.S. stock futures and sterling declined as investors sought safety in the dollar.