Gold, Silver Rebound as Easing Oil Rally Tempers Inflation Concerns
Precious metals rose as a cooling rally in oil prices eased inflation worries, according to Anadolu Agency.
Gold and silver prices rebounded as an easing rally in oil markets tempered concerns about inflation, according to a report by Anadolu Agency.
Gold rose 1.1% to trade above $4,300 per ounce, the report said. Silver gained 1.2%, approaching $64 per ounce.
The report attributed the rebound in precious metals to a slowdown in the recent rally in oil prices, which had been contributing to broader concerns about inflationary pressures in markets.
Anadolu Agency did not provide additional details on the specific factors driving the moderation in oil prices or further context on the trading session in its report.
Sources
- Gold, silver rebound as easing oil rally tempers inflation concerns — Anadolu Agency (Turkey)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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