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Gold Inches Higher As Oil Extends Slide On Iran Deal

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Gold traded higher on Tuesday, extending its rebound from a six-month low as falling oil prices reduced inflation concerns and eased the outlook for interest rates. The move was supported by a more favorable macro backdrop for non-yielding assets, but the article does not cite a major catalyst or large price move.

Analysis

Gold traded higher on Tuesday, extending its rebound from a six-month low as falling oil prices reduced inflation concerns and eased the outlook for interest rates. The move was supported by a more favorable macro backdrop for non-yielding assets, but the article does not cite a major catalyst or large price move.

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