August inflation in the US remains high, reinforcing expectations that the Federal Reserve (Fed) will raise rates next week.

Global gold plunged over 100 USD per ounce in a single session, now nearing the 4,300 USD mark.

The governor of Iran's central bank states the nation possesses adequate foreign currency and is prepared to inject up to two billion US dollars into the market to ease recent fluctuations.

Iran's currency continues to set new lows as the United States prepares to announce additional economic sanctions against the nation.

Food prices have surged by up to 150% and the currency has lost half its value, forcing millions of Iranian families to drastically cut spending on essential goods.

Analysts are optimistic about gold's long-term outlook but warn that interest rate and inflation volatility will cause significant market fluctuations.