Gold slipped 0.5% after the United States launched fresh airstrikes on Iran, threatening an interim ceasefire that could extend the conflict.

The strikes raise uncertainty over a fragile deal that would otherwise curb fighting. Investors see the potential for higher inflation, a driver that pushes the Federal Reserve toward tightening policy.

Commodity traders weigh the dual forces: a risk‑premium lift for gold as a safe‑haven asset, and the possibility of a rapid rise in interest rates that could suppress demand for high‑yield coins.

For investors, the convergence of geopolitical risk and monetary tightening signals a fragile environment where commodity prices may swing sharply, demanding vigilant risk management.