GOLD FALLS 1.3% AS RISING OIL PRICES COMPLICATE FED RATE OUTLOOKGold slipped 1.3% to $4,083, pressured by concerns that | Hanami
GOLD FALLS 1.3% AS RISING OIL PRICES COMPLICATE FED RATE OUTLOOK
Gold slipped 1.3% to $4,083, pressured by concerns that higher oil prices could fuel inflation and delay Federal Reserve rate cuts.
Capital. com's Monte Safieddine warns that gold faces a "difficult cocktail" of sticky inflation, elevated Treasury yields and a potentially stronger dollar.
He identifies $4,000 as a critical support level, warning that a decisive break below could signal fading expectations for Fed easing.
A stable U.S. labor market reinforces expectations that the Fed will hold rates next week.