Gold rally faces test from inflation, oil prices
Gold prices face renewed pressure as rising oil prices and persistent tensions in the Middle East revive inflation concerns, increasing the likelihood that the US Federal Reserve may delay monetary easing despite continued demand for the precious metal.
Gold prices are under pressure as concerns about inflation rise due to increasing oil prices and ongoing tensions in the Middle East, potentially delaying monetary easing by the US Federal Reserve despite ongoing demand for the precious metal. On February 11, the price reached $004.4 per ounce, with a range of $193.4 to $434.4. The market is awaiting the impact of rising oil prices and geopolitical uncertainties on inflation, which could lead to a more cautious stance from central banks.
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- Gold rally faces test from inflation, oil prices bangkokpost.com
