Gold Extends Losses to Near One-Week Low as Oil Prices Rise
Gold steadied after touching its lowest level in nearly a week on Wednesday, as higher oil prices revived inflation concerns ahead of next week’s Federal Reserve meeting.
By Vishak MathewGold steadied after touching its lowest level in nearly a week on Wednesday, as a rally in oil prices reignited inflation concerns while investors braced for next week's Federal Reserve meeting for clues on the interest rate outlook.Spot gold TVC:GOLD fell for a fourth straight sess…