[Analyst: The Path of Least Resistance for Gold Prices Remains Downward] Odaily Planet Daily News - On Tuesday, gold prices declined; previously, renewed tensions between the U.S. and Iran pushed Brent crude oil prices higher and muddled the outlook for U.S. interest rates. The resulting concerns over heightened inflation exerted downward pressure on gold prices. Spot gold once fell 1.1%, trading at $4,521.80 per ounce. ActivTrades analyst Ricardo Evangelista stated: 'This uncertainty has driven oil prices higher, intensified inflation concerns, and reinforced market expectations of a hawkish stance from the Federal Reserve, which poses resistance to gold.' 'The path of least resistance for gold prices remains downward... Traders will continue to monitor the progress of U.S.-Iran negotiations while also anticipating the release of U.S. PCE inflation data.' (Jin10)