The US-Iran conflict is reportedly having a bearish effect on gold, with some outlets citing fed rate hike fears and inflation concerns as contributing factors. Gold prices have declined, with one report indicating a slide to $4,130, although the impact of the conflict on gold prices is not entirely clear. The situation appears to be complex, with some sources suggesting that gold's decline may be temporary, while others note that inflation fears and rate hike concerns are weighing on the metal's value.