📉 Gold prices fall 2.6% to $4,170 per ounce at 0640GMT as rising oil prices fuel inflation concerns and tighten Fed rate expectations ➤ Oil prices rise after

📉 Gold prices fall 2.6% to $4,170 per ounce at 0640GMT as rising oil prices fuel inflation concerns and tighten Fed rate expectations ➤ Oil prices rise after reports that US President Donald Trump rejects offer to reopen Strait of Hormuz and end conflicts ➤ Selling pressure dominates first gold transactions of new week