Gold Slips Below 4,400 On Inflation, Rate Hike Worries

Gold prices were sharply lower on Thursday after the U.S. conducted fresh self-defense strikes in southern Iran and Tehran also targeted strikes on a U.S. air base, driving up global oil prices and reviving inflation concerns. Spot gold tumbled 1.4 percent to $4,395.53 an ounce while U.S. gold futures for August delivery were down 1.3 percent at $4,424.75.Treasury yields edged higher, the dollar f…