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JUST IN: Gold fell sharply again after a brief rebound, amid conflicting signals from Washington and Tehran regarding an end to the war in the Middle East.
The decline in the metal's price coincides with rising oil prices, inflation fears, pressure on interest rates, and renewed bearish bets in the markets.
Gold dropped as much as 2.1% and fell below $4,420 per ounce, erasing almost all of the gains from the previous two days.