Editor's Note: As published on Reuters :

" Gold prices fell more than 1% on Thursday, pressured by a stronger dollar and diminishing hopes for a reduction in borrowing costs as the ongoing Iran war stoked inflation concerns.

Gold slipped on Thursday as a record coordinated oil reserve release from the International Energy Agency introduced a note of policy resolve into markets that had been pricing in unmitigated supply chaos.

Gold futures pulled back sharply on Monday, declining $32.60 to $5,148.70 per troy ounce, though the contract recovered meaningfully from a session low of $5,021.20 as buyers stepped in amid the day's volatility.