Spot gold was up 0.6% at $4,023.77 per ounce by 0747 GMT, after touching its lowest level since July 1 at $3,983.29
Gold rose on Tuesday after hitting a
two-week low earlier in the session, as markets awaited key U.S.
inflation data, with escalating U.S.-Iran tensions driving oil
prices higher and reinforcing expectations of further Federal
Reserve rate hikes.Spot gold was up 0.6 per cent at $4,023.77 per ounce by 0747
Gold prices dropped to a six-month low as U.S. strikes on Iran fueled oil prices and inflation concerns. This, coupled with…
May 28 : Gold prices fell to a two-month low on Thursday as fresh U.S. attacks on Iran boosted the dollar and pushed oil prices…
Gold prices dropped over 1% as rising oil prices, fueled by renewed U.S.-Iran hostilities, heightened inflation and interest rate…
May 28 : Gold prices dropped to a two-month low on Thursday as inflation fears were stirred up after the U.S. and Iran traded…
Gold prices rise over 1% as lower oil prices ease inflation fears, while a key resistance level looms ahead.
Gold prices fell to a near-weekly low as U.S. strikes on Iran boosted oil and the dollar. Higher interest rate expectations are…
