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Gold set for biggest weekly fall in six as Iran war fans inflation worries
Gold prices saw a rebound on Friday, yet are set for a significant weekly loss. Renewed clashes between the United States and Iran have lifted oil prices considerably. This escalation has stoked inflation concerns and strengthened expectations for higher interest rates. Fed officials are signaling openness to rate hikes amid persistent inflation. Economic data shows a slight increase in U.S. retail sales and falling unemployment claims.
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thehindubusinessline.com
Gold drops to 2-week low as oil surge drives inflation, rate-hike fears
Gold falls to a two-week low as oil prices surge, raising inflation concerns and increasing expectations for U.S. interest rate hikes.
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economictimes.indiatimes.com
Gold set for biggest weekly fall in six as Iran war fans inflation worries
Gold prices saw a rebound on Friday, yet are set for a significant weekly loss. Renewed clashes between the United States and Iran have lifted oil prices considerably. This…
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Gold is set for weekly fall amid West Asia tensions. What’s ahead?
Gold prices face weekly losses amid rising Fed-hike bets, driven by renewed Middle East tensions and inflation concerns.