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Gold, Silver Prices Plunge As Iran Conflict Sparks Inflation Concerns, Strengthens Dollar

By Forbes March 03, 2026 Bearish
Gold, Silver Prices Plunge As Iran Conflict Sparks Inflation Concerns, Strengthens Dollar
Oil prices surged this week after the breakout of the Iran conflict, which some analysts have said could precede broader inflation. The U.S. West Texas Intermediate benchmark rose 7% Monday while Brent crude oil futures rose as much as 8%, the latter reaching its highest mark in more than a year.
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Oil prices surged this week after the breakout of the Iran conflict, which some analysts have said could precede broader inflation. The U.S. West Texas Intermediate benchmark rose 7% Monday while Brent crude oil futures rose as much as 8%, the latter reaching its highest mark in more than a year.