Gold Rises as Oil Prices Fall and Traders Assess US Rate Outlook
Gold prices rose in early European trading, supported by falling oil prices as traders assessed the US interest-rate outlook.
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07:56:42 AM UTC
SquawkNews
By Sukanya MitraGold edged higher on Monday as softer oil prices tempered some inflation concerns, while investors assessed recent US economic data and the outlook for Federal Reserve interest rates later this year.Spot gold TVC:GOLD rose 0.4% to $4,181.84 per ounce by 0741 GMT, while US gold futur…
Gold prices rise in early European trading, supported by falling oil prices and as traders assess the U.S. interest-rate outlook for this year. "The market remains caught in a tug of war between short-term selling pressure from macro-focused traders and demand from less interest-rate-sensitive inve…