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Gold, Silver Rise as Tensions Persist; Pakistan JumpFinance — Jul 18, 2026Gold largely held near $4,000 as rising oil from Middle East tensions fuels inflation fears and bets on higher rates, even as some indicators show a slide toward multi-month lows amid hawkish Fed expectations. Analysts note that dollar strength and central-bank bullion purchases complicate the traditional inflation hedge narrative for gold, with price action reflecting currency dynamics as much as, or more than, consumer prices.