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Gold declines below ,100 as US–Iran tensions revive inflation worries, Fed rate hike bets

Gold price (XAU/USD) declines to around $4,075 during the early Asian session on Thursday. The precious metal extends its downside as US President Donald Trump said the ceasefire with Iran has ended, stoking concerns that a renewal of war could again drive inflation and push up interest rates.Reuters reported on Thursday that Trump stated that an interim agreement aimed at ending the conflict with Iran was “over.” Additionally, US President threatened to bomb Iran for…

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Business

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Billionaire Jeremy Grantham says SpaceX IPO is the ‘craziest’ in market history

SpaceX has been fast-tracked into the Nasdaq-100 Index, meaning the stock performance of Elon Musk’s rocket company is now directly tied to the retirement accounts, mutual funds and portfolios of millions of everyday American investors. But self-proclaimed market “permabear” and GMO co-founder Jeremy Grantham is heavily skeptical of the company’s…

Investing

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