Gold rebounds to $4,500/oz after a three-week slump, fueled by inflation fears and fading Federal Reserve rate-cut hopes. Fed Chair Jerome Powell’s reassurance on inflation expectations helps stabilize prices, though geopolitical risks loom. Houthi attacks on Gulf smelters and Israeli strikes in Tehran expand hostilities. Oil prices could surge to $130–$200/barrel if Iran blocks the Strait of Hormuz, threatening global energy supplies. Turkey shocks markets by selling 60 tons of gold ($8B+) to cover fuel costs. Analysts warn gold may dip short-term but remains bullish as a hedge against economic collapse. Silver rises to $70.01, while platinum and palladium also gain. The dollar…

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