Gold Extends Decline as Higher Energy Costs Raise Rate-Hike Bets

Bloomberg Markets•Thu, Jul 23, 2026, 11:37 PM•2 min read

Gold extended a retreat as the widening conflict in the Middle East lifted energy prices and increased expectations the US Federal Reserve will tighten monetary policy to contain inflation.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-07-23/gold-holds-decline-as-surging-energy-costs-raise-rate-hike-bets)

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