Gold Hits Three-Week Low as Oil Surges and Central Bank Decisions Near

Gold hits three-week low as oil surges and central bank decisions near

Dubai: Gold slipped to a three-week low on Tuesday, tracking a jump in oil prices after stalled U.S.–Iran talks, as markets weighed inflation risks and interest-rate concerns ahead of a packed week of central bank decisions.Spot gold fell 1.4% to $4,614.71 per ounce by 0924 GMT, its lowest level since April 7. U.S. gold futures for June delivery dropped 1.4% to $4,629.20.“Today’s decline in gold (and silver) prices mirrors an increase in oil pri…

Gold hits three-week low with US-Iran talks, central bank decisions in focus

Gold fell to a three-week low on Tuesday, as elevated oil prices kept inflation concerns high, while investors awaited key central bank decisions this week to see if the Middle East conflict has altered the interest rate outlook.

Gold slips to three-week low as oil climbs, central bank decisions loom

Spot gold ​dropped 1.6% ​to $4,605.18 per ounce, as of 1105 GMT