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Gold prices drop amid Iran tensions and oil spikes.
Gold prices fell to near one-week lows on Monday as U.S. tensions with Iran escalated following failed peace talks and a U.S. announcement of a naval blockade of the Strait of Hormuz.
The resulting spike in oil prices heightened inflation fears and strengthened the U.S. dollar, prompting investors to sell gold and other safe-haven assets.
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Los precios del oro caen en medio de las tensiones en Irán y los picos de petróleo.