Gold Falls 0.6% as Higher Oil Fuels Inflation Worries
Spot gold fell 0.6% on Friday as rebounding oil prices intensified inflation concerns and expectations for higher-for-longer interest rates. Bullion remained on track for a weekly gain as investors awaited US payrolls data.
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Spot Gold Extends Decline; Last Down 1.1% at $4,042.88 a Troy Ounce
By Sukanya MitraGold prices eased on Friday as a rebound in oil prices fanned inflation worries and bolstered higher-for-longer interest rate expectations, though bullion remained on track for a weekly gain as investors awaited key US payrolls data later in the day.Spot gold TVC:GOLD fell 0.6% to…