Gold slips on oil-driven inflation worries
Gold prices declined on Wednesday, giving up part of the previous session's sharp rally, as rising oil prices stoked inflation concerns and uncertainty over the US interest-rate path weighed on the non-yielding metal.
July 15, 2026 (MLN): Gold prices declined on Wednesday, giving up part of the previous session's sharp rally, as rising oil prices stoked inflation concerns and uncertainty over the US interest-rate path weighed on the non-yielding metal. Currently, spot gold is recovered a bit to $4,031.91 an ounce as of [09:38 am] PST, according to data reported by Mettis Global. The metal had jumped more than 2% to as high as $4,...