Rising Prices of Crude Oil Weigh on Gold Prices
Recent reports show that the price of gold remains under pressure as rising crude oil prices fuel inflation concerns and strengthen expectations of tighter U.S. monetary policy, offsetting support from declining Treasury yields and geopolitical uncertainty. A report compiled by Heraeus’ precious metals analysts found that Brent crude has also climbed above $110 a barrel following more Houthi attacks, while floating oil inventories in Iran were reportedly exhausted mid-this month amid a U.S. blockade. Oil futures indicate that market participants expect some supply disruptions to persist into 2027, keeping inflation risks elevated and reinforcing expectations of a potential Federal Reserve…