Gold Trades Near $4,000 as Rising Oil Prices Fuel Inflation Concerns
Gold is just above $4,000 an ounce and on track for a weekly loss of nearly 4%. New York futures fell 0.9% to $4,022.80 an ounce in early U.S. trading.
Gold prices trade just above $4,000 a troy ounce, on track for a weekly loss of nearly 4% as rising oil prices fuel concerns over inflation and rate hikes. In early U.S. trading, futures in New York are down 0.9% to $4,022.80 an ounce. "The latest price action suggests that short-term speculative s…