Gold Edges Lower On Inflation, Rate Hike Concerns

Gold prices traded lower as renewed Middle East tensions pushed oil prices higher, raising concerns about the inflation outlook and the path for interest rates. The move is mildly negative for gold in the near term as higher energy prices can keep yields and policy expectations elevated.

Analysis

Gold prices traded lower as renewed Middle East tensions pushed oil prices higher, raising concerns about the inflation outlook and the path for interest rates. The move is mildly negative for gold in the near term as higher energy prices can keep yields and policy expectations elevated.