Gold Holds Decline as Energy-Led Inflation Weighs on Rate Path
Traders weighed the Fed’s next move as higher borrowing costs and rising Treasury yields kept pressure on nonyielding bullion.
8 Articles
8 Articles
Gold Holds Decline as Energy-Led Inflation Weighs on Rate Path
Gold losses amid inflation concerns, at $4,122.40
Key takeaways Gold prices fell slightly under the influence of rising oil prices, which reinforced concerns about inflation. At 12:54, spot gold was trading at $4,122 per ounce, while gold futures were trading at $4,140 per ounce. Geopolitical tensions drive oil prices up The upward trend in energy prices is largely attributed to increased geopolitical instability in […]
Gold prices are under pressure from inflation worries fueled by high oil and the expectation that interest rates will remain high for longer in the United States. Ounces of gold is trading below $4,150, while the strong dollar and rising bond yields are also making it difficult for the precious metal to recover. The eyes of the markets turned to the Fed's interest rate decision and the critical inflation data coming from the United States.
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