Gold Slips as Oil, Long-Term Yields Rise on Iran War Fears

Gold futures fell 0.43% to $4,263/oz as rising oil prices and higher long-term interest rates, driven by expectations of tighter monetary policy in major economies, pressured the metal. Oil gains were fueled by Iran's cancellation of flights to Gulf neighbors and threats of escalating war, though prices eased in the afternoon. The move reflects a risk-off tilt in commodities amid geopolitical tension, with gold's safe-haven appeal offset by rate and yield pressures.