Claims extracted
12
sentences that state something as happening or true
Uncertain
8%
1 of 12 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
60/100
Al Jazeera's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Gold prices are falling as concerns of rising fuel prices stoke inflation worries on the back of the war between the United States and Iran.
asserted
concerns → fall → States
Spot gold prices fell by 3.3 percent to reach a more than seven-week low at $4,146.51 per ounce on Monday.
asserted
prices → fall → Monday
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asserted
currency → 4collapse → Sudan
US sanctions on Iran ripple through global markets and consumers
asserted
sanctions → ripple → markets
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Rising oil prices, a higher US dollar and Treasury yields stoked inflation concerns, creating further headwinds for the metal.
asserted
prices → hit → metal
US gold futures also fell by 3.3 percent to $4,178.40.
asserted
futures → fall → 4,178.40
Although gold is traditionally considered an inflation hedge, higher interest rates dent its appeal as investors prefer yield-bearing assets.
asserted
investors → consider → assets
However, investors who had turned to gold will see a hit, especially under the current high inflation rates,” Sherif Othman, CEO of the Maryland-based Poise Investment Advisors, told Al Jazeera.
asserted
Othman → turn → Jazeera
“Gold does not yield interest, so when Treasury yields go up, investors turn away from gold, impacting its value”, he added.
asserted
he → yield → value
The Fed lifted benchmark rates by a quarter percentage point earlier this month and flagged that at least one more hike is likely in the coming months.
asserted
hike → lift → months
The US dollar was steady near a two-month high, and oil prices spiked about 3 percent as US President Donald Trump rejected an Iranian offer to resolve the conflict and reopen the Strait of Hormuz.
asserted
Trump → spike → Hormuz
Such factors triggered several policymakers to warn that inflation risks remain elevated and that interest rates may need to rise, with Cleveland Fed President Beth Hammack among the latest officials to reiterate that view.
Higher Treasury yields and the US dollar are “creating a perfect storm to push the metals prices sharply lower,” according to Jim Wyckoff, a market analyst at American Gold Exchange.
Spot silver also fell by 4.7 percent to $61.27 per ounce, platinum declined 2.9 percent to $1,726.30 and palladium lost 4.4 percent to $1,211.45.
uncertain
palladium → trigger → 1,211.45
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