Gold Futures Edge Higher as Oil Prices Retreat
Gold futures settled higher after oil prices gave up early gains and the U.S. dollar slipped. XS.com’s Antonio Di Giacomo said high oil prices had weighed on gold amid inflation risks.
Gold futures settle higher after oil prices give up early gains and the U.S. dollar slips. High oil prices have been a key driver of weakness in gold given the risk to inflation, Antonio Di Giacomo of XS.com says in a note. "Inflation can encourage demand for wealth preservation, but it can also su…