Gold tumbles below $4,650 as inflation fears and liquidity squeeze weigh

Gold price (XAU/USD) remains under selling pressure near $4,640 during the early Asian session on Friday. The precious metal extends the decline as soaring crude oil and energy prices, driven by the escalating US-Israeli war with Iran, reignite inflation fears. Gold price (XAU/USD) remains under selling pressure near $4,640 during the early Asian session on Friday. The precious metal… Gold price (XAU/USD) remains under selling pressure near $4,640 during the early Asian session on Friday. The precious metal extends the decline as soaring crude oil and energy prices, driven by the escalating US-Israeli war with Iran, reignite inflation fears. Gold price remains on the defensive around $4,640 in Friday’s early Asian session. Concerns about inflationary pressure and liquidity squeeze weigh on the Gold price. Escalating tensions in the Middle East could support the safe-haven flows. Gold price (XAU/USD) remains under selling pressure near $4,640 during the early Asian session on Friday. The precious metal extends the decline as soaring crude oil and energy prices, driven by the escalating US-Israeli war with Iran, reignite… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.