Business
Gold Falls as Inflation Concerns Remain Key Market Driver
This week, the Federal Reserve is expected to hold rates steady for a second straight meeting, though markets will closely watch Fed Chair Jerome Powell’s remarks for cues on the path forward.
The international oil benchmark, Brent crude, remains above $100 a barrel, stoking inflation fears and dampening hopes for further rate cuts. In early trading, gold futures in New York were down 1% to $5,009.90 a troy ounce. Silver, meanwhile, was down 2.6% to $79.22 an ounce.
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