Gold Prices Weaken Amid Iran Standoff and Rate Hike Expectations

Middle East outlets stress that the US-Iran war is driving inflation worries and hurting public confidence, especially in the United States and nearby economies. They highlight how countries like Mexico are cutting rates to support growth even as war-linked costs rise. The narrative points to ordinary households facing higher prices and weaker currencies while markets focus on Fed policy.

• •The Iran war is blamed for a sharp drop in US economic confidence recorded in recent polling.
• •Higher energy and import costs tied to the conflict are described as fueling inflation across the Americas.
• •Mexico’s rate cut is framed as a gamble to support growth despite war-driven price pressures.
• •Regional currencies are portrayed as vulnerable to both the stronger dollar and higher import bills.
• •Households in affected countries are said to be squeezed by rising living costs and uncertain job prospects.