Gold Holds Near One-Week Low as Oil-Driven Inflation Fears Rise
Spot gold was up 0.1% at $4,127.31 per ounce at 11:10 a.m. EDT, after trading near a one-week low. Oil prices and Middle East tensions contributed to inflation concerns as investors looked ahead to next week’s Federal Reserve meeting.
By Anushree MukherjeeGold prices hovered near a one-week low on Wednesday as a rally in oil prices stoked inflation fears linked to Middle East tensions, with investors looking ahead to next week's Federal Reserve meeting.Spot gold TVC:GOLD was up 0.1% at $4,127.31 per ounce by 11:10 am EDT (1510 G…