Gold Hits Three-Week Low as Stronger Dollar, Inflation Fears Weigh

aljazeera.net

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Gold fell to the lowest level in more than three weeks, affected by rising tension between America and Iran, rising oil, inflationary fears and interest, while investors await US job data.

cedarnews.net

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Today's price of gold has fallen to its lowest level in more than three weeks, with the escalation of the Middle East conflict raising oil prices and raising concerns about inflation and interest rates, while investors have focused on prospective US job data, according to Reuters. Gold's decline in immediate transactions of 0.6% to $4304.01 per ounce by the hour... this news has been published via Cedar News News News.

SANA

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Today, the price of gold fell to its lowest level in more than three weeks. The escalation of the conflict in the Middle East led to higher oil prices and raised concerns about inflation and higher interest rates, while investors focused on data on prospective US jobs.

The Cryptonomist

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Gold has lost ground for the third consecutive week, slipping up to $3,304.01 per ounce, the lowest level for over three weeks according to the data reported by Reuters. The drop in gold price is not an isolated episode: it comes after days of increasing pressure tied to a stronger dollar, uphill bond yields [...]

Business AM

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Key takeaways Gold prices fell to their lowest point in three weeks, driven by escalating conflicts in the Middle East. Geopolitical instability led to a sharp rise in crude oil prices, which subsequently reinforced concerns about inflation and the possibility of further interest rate hikes. At 11:07, spot gold was trading at $4,321 […]