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Gold Advances As Traders Weigh Oil-Linked Inflation Concerns Against Safe Haven Demand

Source: Nasdaq

Commodities & Raw MaterialsEnergy Markets & PricesInflationInvestor Sentiment & Positioning

Gold prices edged higher on Wednesday, partially recovering losses from the prior two sessions, supported by safe-haven demand. Investors are weighing a surge in oil prices and its potential to increase inflationary pressures, which could influence the outlook for gold and interest rates.

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