Gold Dips as Energy Rally Dents Fed Cut Bets
TL;DR Summary
Gold slid for a sixth straight session to around $4,869/oz as a surge in energy prices and hotter inflation dimmed expectations for Federal Reserve rate cuts this year. Oil rose on Middle East risk, risk assets softened and the dollar strengthened, helping push bullion lower despite a-year-to-date gains of more than 10%. Traders expect the Fed to keep rates unchanged at its upcoming meeting, with longer-term gold support coming from inflation concerns and stagflation fears.
- Gold Holds Steady Near $5,000 as Traders Weigh Fed Rate-Cut Path Bloomberg.com
- Gold falls to over one-month low on higher‑for‑longer rate outlook Reuters
- Gold falls 2% as inflation fears bolster hawkish Fed bets CNBC
- Gold Tumbles as Soaring Energy Prices Dash Rate Cut Hopes Yahoo Finance
- Why aren’t gold prices rising, despite Iran war uncertainty? Al Jazeera
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