Gold Rises as Markets Weigh Oil Pullback
Gold rises in early Asian trade as markets weigh a pullback in oil prices. Infinox's Thadeu Dos Santos says softer energy prices could temper inflation concerns and ease pressure on yields, while the interest-rate backdrop remains challenging.
Gold advanced in early Asian trading as investors assessed a decline in oil prices. In a note, Infinox’s Thadeu Dos Santos said softer energy prices could moderate inflation concerns and reduce pressure on yields, offering some support to gold. The interest-rate backdrop remains challenging and leave…