Gold Declines as Inflation Fears Fuel Interest Rate Hike Bets (opens in new tab)

(Bloomberg) -- Gold declined as persistent concerns over inflation fueled bets that global central banks may be forced to hike interest rates. Silver slumped to the lowest in nearly two weeks.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersNATO Is Starting to Consider Hormuz Mission to Protect ShipsUS 30-Year Yield Hits Highest Since 2007 as Selloff DeepensBillionaire Rinehart Bets $100 Million on US Defense StocksTrump Says Holding Off on New Iran Strikes After