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Gold on track for second weekly loss as rising oil prices drive up rate hike bets
Gold prices are falling, heading for a second weekly loss. Higher oil prices are fueling inflation worries and boosting chances of a U.S. interest rate hike. Treasury yields are near one-year highs, reducing demand for gold. Other precious metals like silver, platinum, and palladium are also experiencing losses. Consumer sentiment has hit a record low.
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economictimes.indiatimes.com
Gold slips as oil strength, interest rate worries dampen appeal
Gold prices dipped for a second week, pressured by escalating oil costs and growing inflation worries. Concerns over potential interest rate hikes by the U.S. Federal Reserve,…
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thehindubusinessline.com
Gold slips on stronger dollar, Fed rate-hike bets
Gold prices decline as a stronger dollar and rising oil prices increase expectations for Fed rate hikes.
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Gold on track for second weekly loss as rising oil prices drive up rate hike bets
Gold prices are falling, heading for a second weekly loss. Higher oil prices are fueling inflation worries and boosting chances of a U.S. interest rate hike. Treasury yields are…