Market News
Gold Wavers as High Oil Prices Threaten Fed Rate Path - BLOOMBERG
(Bloomberg) -- Gold traded in a narrow range near $5,000 an ounce, as the conflict in the Middle East entered a third week and investors weighed the inflationary impact of higher oil prices.
Bullion edged lower Monday, following two consecutive weeks of losses. Rising oil prices and inflationary concerns from the US-Israel war with Iran have put the metal under pressure, raising the prospect of fewer Federal Reserve interest rate cuts. Crude fluctuated above $100 a barrel.




