rates · · Reuters
Gold edges lower as rising oil prices revive inflation and rate concerns
Higher energy prices prompted investors to reassess inflation risks and the Federal Reserve path, weighing on non-yielding bullion.
Gold traded slightly lower on July 20. Geopolitical stress can support safe-haven demand, but a parallel rise in oil can lift inflation expectations and strengthen the case for rates to remain high or rise again, reducing the relative appeal of holding bullion.
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