WorldGold Near Seven-Week Low as Oil Prices Rise Amid US-Iran Strait Talks
Gold prices edged up slightly but stayed near a seven-week low after a sharp 4% drop due to rising oil prices and US Treasury yields. Spot gold rose 0.4% to $4,131.10 an ounce, while futures fell 0.2%. Oil prices climbed amid stalled US-Iran talks over the Strait of Hormuz, raising inflation concerns and expectations of further US interest rate hikes.
HT World·4h ago



