Gold slips below $4,300 as oil lifts rate-hike bets
Spot gold fell below $4,300/oz around 2:50 pm IST Monday as crude prices rose and inflation concerns resurfaced ahead of the Fed’s policy decision later this week.
Rising crude prices and renewed inflation concerns were pressuring gold as investors awaited the Federal Reserve’s policy decision later this week. Spot gold slipped below the $4,300-an-ounce mark around 2:50 pm IST on Monday, extending losses after the precious metal had already declined f…