Gold hits two-month low as US-Iran tension stokes inflation and rate hike fears

Gold prices reached a 2-month low, despite US-Iran tensions increasing inflation concerns.

Fed's Kashkari stresses the importance of controlling inflation amidst economic uncertainty.

US core PCE inflation is expected to move further away from the Federal Reserve's target.

TradingView reports that US PCE inflation is likely to remain elevated, reinforcing inflation concerns and potentially supporting a hawkish stance from the Federal Reserve.

Fed Governor Lisa Cook warned that elevated inflation could necessitate interest rate increases.