GOLD EDGED LOWER, SNAPPING A THREE-DAY ADVANCE, AS A RENEWED SURGE IN OIL PRICES FUELED INFLATION CONCERNS AND CLOUDED THE OUTLOOK FOR THE FED'S RATE PATH, WITH BULLION FALLING AS MUCH AS 0.5% AS OIL PRICES AND BOND YIELDS PUSHED HIGHER ON ESCALATING MIDDLE EAST TENSIONS AND A LACK OF CLARITY ON A DEAL TO REOPEN THE STRAIT OF HORMUZ, STOKING SPECULATION THE FED MAY NEED TO RAISE RATES.

GOLD EDGED LOWER, SNAPPING A THREE-DAY ADVANCE, AS A RENEWED SURGE IN OIL PRICES FUELED INFLATION CONCERNS AND CLOUDED THE OUTLOOK FOR THE FED'S RATE PATH, WITH BULLION FALLING AS MUCH AS 0.5% AS OIL PRICES AND BOND YIELDS PUSHED HIGHER ON ESCALATING MIDDLE EAST TENSIONS AND A LACK OF CLARITY ON A DEAL TO REOPEN THE STRAIT OF HORMUZ, STOKING SPECULATION THE FED MAY NEED TO RAISE RATES.

Source:https://x.com/FirstSquawk/status/2085495750079987826