Gold Futures Extend Gains as Oil Prices Retreat
Gold futures rose for the third time in four sessions as retreating oil prices eased some inflation concerns, Phil Flynn of Price Futures Group said.
Gold futures rise for the third time in four sessions with a retreat in oil prices easing some inflation concerns. "The big driver is oil," Phil Flynn of the Price Futures Group says in a note. "Lower oil reduces near-term inflation pressure, which is gold-friendly even if the longer-term rate path…