Gold slips as rising oil prices fuel fears of inflation
- Last updated: September 1, 2026 | 16:53
An employee shows a customer gold jewellery in a shop at the Gold Souq in Dubai. Photo used for illustrative purpose. File
Gold prices faced short-term pressure during early Asian trading on Tuesday, easing toward $4,443 per ounce at the timing of publication as escalating Middle East tensions pushed crude oil higher and fueled fears of persistent inflation.
Spot gold slipped to $4,440.34 per ounce after holding near $4,454.68 earlier in the session.
A surge in energy prices following recent geopolitical military exchanges has reinforced expectations that the Federal Reserve may maintain a hawkish monetary policy path, adding near-term headwinds to non-yielding bullion.
WAM