Gold advances as oil retreat eases rate pressure
Gold edged higher on Tuesday as falling crude prices eased inflation concerns and reduced expectations that the US Federal Reserve would need to deliver repeated interest-rate increases. Spot bullion traded around $4,360 an ounce during Asian hours, recovering from Monday’s decline, when prices posted their biggest fall in a week. The move followed a sharp retreat in oil, which steadied after…
We haven't written up this one. Arabian Post has the full story — the link below goes straight to it.
