Gold Dips for Fourth Session as Oil Fuels Inflation Concerns
Spot gold was down 0.1% at $4,119.37 per ounce on Wednesday, its fourth straight session lower. Investors looked ahead to next week’s Federal Reserve policy meeting.
Gold slipped for a fourth consecutive session on Wednesday, with higher oil prices adding to inflation concerns. Investors awaited next week's Federal Reserve policy meeting for signals on the outlook for interest rates. Spot gold was down 0.1% at $4,119.37 per ounce.