Gold Drops as Fed’s Waller Says Next Move Likely To Be Rate Hike (opens in new tab)

(Bloomberg) -- Gold declined as traders ramped up bets on Federal Reserve monetary tightening after Governor Christopher Waller warned the Iran war’s energy shock could fuel inflation.Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentTrump to Force Foreigners Seeking Green Cards to Go Home FirstTrump Says He’ll Announce Negotiated Deal With Iran ShortlyIran, US Signal Progress in Peace Talks as Issues UnresolvedUAE Joins Saudis, Qatar in Urging Trump Not to Restart