Gold subdued on inflation worries, rate hike expectations
· economictimes.indiatimes.com
Gold prices fell on Wednesday as conflicts in the Middle East intensified. The surge in crude oil prices typically fuels inflationary pressures. Key U.S. inflation data is anticipated later this week, leading traders to predict a forthcoming interest rate increase from the Federal Reserve. Meanwhile, the Bank of England is likely to hold steady with its rates for now.
Synopsis
Gold prices fell on Wednesday as conflicts in the Middle East intensified. The surge in crude oil prices typically fuels inflationary pressures. Key U...