Why the price of gold is trending down amid war-driven inflation
Gold prices have come under pressure as the war involving the United States, Israel and Iran has pushed up inflation and kept interest-rate expectations elevated. The metal fell from a high of $5,303 per troy ounce on 28 January to $4,235 on Friday, according to the supplied report. The decline comes despite gold's usual role as a safe-haven asset during periods of geopolitical stress.The report says the conflict has disrupted traffic through the Strait of Hormuz, a key route for oil and gas shipments, since the start of the war. That has helped drive energy prices higher, feeding into inflation... [Continue Reading]
360LiveNews | 14 Jun 2026 02:30 LONDON
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ECB raises eurozone rates to 2.25% as Iran war pushes inflation higher
The European Central Bank has raised its main deposit rate to 2.25%, the first increase since 2023, as it responds to inflation pressures linked to the war in Iran. The move comes as eurozone consumer prices continue to rise and markets adjust to the prospect of further tightening. The decision is being watched closely across the currency bloc because it affects borrowing costs for households, businesses and governments.The bank lifted the rate from 2% after eurozone consumer price inflation rose to 3.2% in May 2026, up from 3% in April. Financial markets are now pricing in two more rate rises... [Continue Reading]
360LiveNews | 11 Jun 2026 14:02 LONDON
ECB expected to raise rates as borrowing costs rise across the eurozone
The European Central Bank is expected to announce a 0.25 percentage point rise in its main interest rate on Thursday, taking it to 2.25%. The move would be the first increase since 2022 and would mark a further shift in the bank's response to inflation pressures. It would also feed through quickly to borrowing costs for households and businesses across the eurozone.Christine Lagarde, the ECB president, is expected to set out the decision at the bank's regular policy announcement. The rise is being linked to higher oil costs, which have added to the cost of living and strengthened expectations that... [Continue Reading]
360LiveNews | 07 Jun 2026 07:30 LONDON
