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News 2026-10-20 13:28 UTC

Gold Slips as Rising Oil Prices Fuel Rate Hike Expectations

Gold prices edged lower to $4,120 an ounce on Tuesday as rising oil prices stoked inflation concerns, prompting investors to reassess the US interest rate outlook ahead of next week’s Federal Reserve meeting. Brent crude climbed to a five-month high amid renewed Houthi attacks and reports of vessel strikes in the Gulf,