Gold prices fall to a two-month low as renewed US-Iran tensions and fresh strikes raise concerns about higher inflation and potential market instability. Spot gold declines about 1% in early trading, moving to its lowest level since late March, according to the reports citing prices around 0236 GMT. Bloomberg notes gold is down for a third consecutive day, attributing the slide to the US launching additional strikes that risk prolonging conflict and keep inflation expectations elevated. Other coverage links the move to worries about energy prices and the inflation outlook, as hostilities complicate prospects for de-escalation or a path to ending the war. Business Standard and Business Line both describe the broader driver as inflation fears and expectations for interest rate changes, with Business Line also referencing signals from former US President Donald Trump about a possible US-Iran peace deal. Across outlets, the common theme is that geopolitical risk and inflation sensitivity are weighing on gold, prompting investors to adjust exposures amid expectations of tighter financial conditions.