Gold Steady as Oil Supply Rises and Yields Fall, Easing Rate Hike Pressure

Gold prices remained steady around $1,665 an ounce as increased oil supplies from the Middle East and falling US Treasury yields reduced pressure on the Federal Reserve to raise interest rates this month. Oil flows have recovered to about 80% of pre-conflict levels despite recent tanker attacks near the Strait of Hormuz. Treasury yields declined after reaching multi-decade highs, while Wall Street stocks hit record levels amid expectations that inflation pressures will ease.

Tip: use ↑ / ↓ (or j / k) to move between stories.