Gold Trades Near $4,000 as Rising Oil Prices Fuel Inflation Concerns
Gold is just above $4,000 an ounce and on track for a weekly loss of nearly 4%. New York futures fell 0.9% to $4,022.80 an ounce in early U.S. trading.
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Gold rises more than 1% as dollar softens
Gold futures climbed 1.4% in early European trading as the dollar eased and oil prices fell. Traders are also reassessing the inflation and interest-rate outlook.
MNI ASIA OPEN: 20Y Highs for 10Y Yld, S&P Flash PMIs Surge
EXECUTIVE SUMMARY * MNI FED: Gov Barr: Base Case Is For Further Hikes: #83aa171c-7fc4-49fd-82f5-351bcb071d96 * MNI IRAN: Security Chief Says In No Rush To Negotiate: #5df7e2ac-e490-4920-91fd-84069fe559a3 * MNI IRAN: Pezeshkian Talks On Nuclear, Hormuz & US Stance In UN Address: #c9b6854d-8cab-47cb-8646-ce411062279c * M