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The Economic Times

Gold at over one-week low as dollar, yields climb, Middle East tensions stoke inflation

Gold Inflation United States silver the Middle East US Treasury

Gold fell to a more than one-week low on Friday, as U.S. Treasury yields and the dollar climbed, while heightening inflation concerns due to the conflict in the Middle East reinforced bets for higher interest rates.

Spot gold was down 2.6% at $4,527.80 per ounce by 9:40 a.m. EDT (1340 GMT), its lowest since ‌May 5. Prices ⁠were ⁠down 4% so far this week.

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