Gold Futures Settle Lower Amid Oil Price Volatility
Gold futures settled lower as volatile oil markets raised investor concerns about inflation and higher interest rates. Capital Economics’ Hamad Hussain said central-bank buying may support prices but may not prevent further declines.
Gold futures settle lower as a volatile oil market keeps investors concerned about inflation and prospects for higher interest rates. Strong central bank buying will provide future support, but likely won't keep prices from retreating further, Hamad Hussain of Capital Economics says in a note. "Whi…