markets · · Reuters

Gold drops about 3% as an oil surge strengthens rate-hike expectations

Middle East tensions lifted energy prices, but inflation and rate concerns outweighed bullion’s traditional safe-haven appeal.

Gold drops about 3% as an oil surge strengthens rate-hike expectations

Gold experienced a sharp move on July 13 as investors feared that disrupted energy supplies could reignite inflation and force a more aggressive Federal Reserve response. The session showed that geopolitical stress does not always lift bullion when rate expectations rise at the same time.

  • #Gold
  • #Volatility
  • #Middle East