gold · · Reuters
Gold rebounds on the day but remains lower for the week on inflation fears
Friday gains were not enough to erase the weekly decline as a firmer dollar and rising energy prices kept the rate outlook hawkish.
The market continued to balance two opposing forces: geopolitical safe-haven demand and the drag from higher-for-longer interest rates. Rising oil lifted inflation expectations, while a stronger dollar and higher yields raised the opportunity cost of holding non-yielding bullion.
- #Gold
- #Inflation
- #Weekly Market