Gold rally faces test from inflation, oil prices
Gold prices face renewed pressure as rising oil prices and persistent tensions in the Middle East revive inflation concerns, increasing the likelihood that the US Federal Reserve may delay monetary easing despite continued demand for the precious metal.
2 Articles
2 Articles
Gas Price Rebound Expected to Send Inflation Higher in July
Economists expect inflation edged higher in July as consumers were getting whiplash at the gasoline pumps. Statistics Canada is set to provide a look at the consumer price index for July on Monday. A Reuters poll of economists expects annual inflation rose a tenth of a point to 2.9 percent last month. June’s progress toward peace between the United States and Iran led to a pullback in global oil prices and inflation cooled accordingly. But the t…
Gold rally faces test from inflation, oil prices
<p>Gold prices face renewed pressure as rising oil prices and persistent tensions in the Middle East revive inflation concerns, increasing the likelihood that the US Federal Reserve may delay monetary easing despite continued demand for the precious metal.</p>
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