Sterling falls 0.3% amid UK political crisis; European markets mixed as Iran tensions and Fed rate hike fears weigh.
European stocks fell sharply after Norway raised rates to 4.25%, citing Iran war-driven inflation. Gold and oil prices declined on peace deal hopes.
Platinum fell 2.2% on Tuesday amid inflation jitters and potential rate hikes, echoing broader precious metals selloff.
Silver fell 3.5% as uncertainty over rate hikes and inflation jitters weighed on precious metals. Analysts warn of further downside.
Palladium fell 3% to $1,478.74 amid uncertainty over rate hikes, while silver and platinum also declined.