Oil jumps amid U.S.-Iran tensions and lingering inflation worries

Gold slips as dollar weakens

Gold took a hit as oil got pricier and inflation concerns lingered; spot gold fell 0.6%, though US gold futures managed a slight uptick.
Meanwhile, the dollar weakened and Wall Street was pretty quiet because of the Memorial Day holiday.
Investors are hoping for peace talks between the US and Iran, but fresh military strikes have everyone feeling cautious about what's next for global markets.