Gold falls below $5,000/ounce as inflation fears pressure

Gold falls below $5,000/ounce as inflation fears pressure

Gold prices dipped on Monday, pressured by concerns that surging oil costs could stoke inflation further and prompt a more hawkish policy stance by major central ‌banks including ⁠the ⁠U.S. Federal Reserve, dulling the appeal of the non-yielding asset.

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *