Miner Company
Can gold hold $4,700 as oil surge reshapes rate cut expectations?
Gold was little changed to lower on Friday but remained on course for a weekly decline, as higher oil prices, firmer dollar and rising Treasury yields reduced the appeal of bullion despite continued geopolitical tension in the Middle East. Spot gold was last near $4,675 an ounce, after hitting $4,697.06 in the previous session and easing further toward the $4,700 level.
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Gold was little changed to lower on Friday but remained on course for a weekly decline, as higher oil prices, firmer dollar and rising Treasury yields reduced the appeal of bullion despite continued geopolitical tension in the Middle East. Spot gold was last near $4,675 an ounce, after hitting $4,697.06 in the previous session and easing further toward the $4,700 level.