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Gold slips as oil prices advance, Fed rate-hike voices grow
Gold prices dropped on Monday as Middle East tensions escalated significantly. Brent crude oil surpassed ninety dollars a barrel, increasing inflation worries. Several U.S. Federal Reserve officials indicated potential interest rate hikes are necessary. Asian share markets showed hesitation ahead of major technology company earnings reports. Consumer sentiment saw a temporary boost, but rising oil prices may reverse this trend.
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economictimes.indiatimes.com
Gold set for biggest weekly drop since early June on inflation, rate-hike worries
Gold prices saw an increase on Friday, driven by escalating U.S.-Iran tensions. These geopolitical events fueled energy prices and inflation concerns, impacting market sentiment.…
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Gold slips as oil prices advance, Fed rate-hike voices grow
Gold prices dropped on Monday as Middle East tensions escalated significantly. Brent crude oil surpassed ninety dollars a barrel, increasing inflation worries. Several U.S.…
