Gold prices slip as Middle East tensions overshadow inflation data
Gold prices declined on Thursday as intensifying conflict in the Middle East showed no signs of easing, wiping out recent optimism over cooling inflation and stoking fears that rising oil prices could push the Federal Reserve toward further rate hik
July 16, 2026 (MLN): Gold prices declined on Thursday as intensifying conflict in the Middle East showed no signs of easing, wiping out recent optimism over cooling inflation and stoking fears that rising oil prices could push the Federal Reserve toward further rate hikes. Currently, spot gold is down 0.57% to $4,029.85 an ounce as of [11:00 am] PST, according to data reported by Mettis Global. Oil extended gains fo...