India, July 23 -- Gold prices fell from a two-week high on Thursday as escalating West Asia tensions rekindled inflation fears and clouded the outlook for interest rates.
Spot gold fell nearly 1 percent to $4,091.08 an ounce while U.S. gold futures were down 1.4 percent at $4,094.05.
Oil prices remain elevated at six-week highs on widening Middle East tensions and fears of further disruption to crude supplies after Yemen's Iran-aligned Houthis claimed an attack on two Saudi oil tankers transiting through the Red Sea.
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