Gold Dips Below $4,050 as Oil Rises Ahead of Fed Decision
Spot gold traded near $4,049.60 an ounce, down, in early US trading on Wednesday. Renewed Middle East tensions drove crude oil higher and raised concerns about persistent inflation ahead of the Federal Reserve’s interest-rate decision.
Spot gold and silver prices fell in early US trading on Wednesday as renewed tensions in the Middle East drove crude oil higher and raised concerns about persistent inflation ahead of the Federal Reserve’s interest-rate decision.At the time of writing, spot gold traded near $4,049.60 an ounce, down…