Gold slips to lowest in three weeks as Middle East risks lift rate-hike bets
Gold falls to its lowest level in more than three weeks amid escalating Middle East tensions that push energy prices higher and bolster rate-hike bets. New York gold futures down 0.5% to $4,372.40/oz.
Gold prices fall to their lowest level in more than three weeks as escalating tensions in the Middle East conflict push energy prices higher, stoking inflation fears and boosting rate-hike bets.
In early European trading, New York futures fall 0.5% to $4,372.40 a troy ounce, down 6% on the week.
Ac…