Gold Slides As Higher Oil Prices Fuel Inflation Fears

Since August 7, the price of gold touched its lowest level before rebounding around 4331 dollars per ounce. The conflict between the United States and Iran could not support the safe haven. It caused oil prices to rise, consolidated inflation fears, and increased the likelihood of a US rate hike. The evolution of the dollar and bond yields thus weighs more on the precious metal than the search for security. L’article Gold Slides As Higher Oil P…