Gold prices end lower as investors, rattled by Iran conflict, continue to shelter in the dollar

Gold prices have fallen as investors are spooked by the escalating conflict with Iran, leading them to prefer the safety of the U.S. dollar. The concerns about inflation due to rising oil prices are further contributing to this trend. As a result, gold has extended its losses from the previous week. The market sentiment appears to be shifting towards risk aversion as geopolitical tensions rise. This situation may lead to continued volatility in precious metals and currency markets.