Gold down 0.3% to $4,066.24 following President Trump's Iran declaration

Inflation fears hurt gold demand

With inflation fears up, the Federal Reserve may hike interest rates soon, which usually makes gold less attractive to investors.
The IMF just cut its 2026 global growth outlook to 3%, and Bank of America lowered its gold price forecast for 2026 by 14%.
Basically, rising oil and global uncertainty are making things unpredictable for anyone watching their money.