Woofun AI reports that gold prices have fallen to approximately $3,995 per ounce, following a decline of more than 2% over the previous week. Market participants anticipate that the Federal Reserve may implement interest rate increases to combat inflation, exerting downward pressure on precious metals despite geopolitical tensions.

Meanwhile, escalating hostilities in the Middle East, including an attack on a key oil facility in Kuwait, have driven oil prices higher. Tehran declared the US-Iran ceasefire agreement null and void, raising concerns regarding potential disruptions to critical energy supplies.