Gold prices dip as oil-driven inflation concerns weigh
Gold prices witnessed a slight decline, primarily driven by surging oil prices, raising inflation worries among traders.
With an 86% probability of a US interest rate hike on the horizon, consumer prices saw a notable rise in August, further solidifying expectations of increased rates.
As higher interest rates typically reduce gold's allure, other precious metals also faced downturns on Monday.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
