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Gold dips for fourth session as oil rally fans inflation concerns
Gold eased for a fourth straight session on Wednesday as higher oil prices stoked inflationary concerns, while investors looked ahead to next week’s Federal Reserve policy meeting for clues on the future path of interest rates. Spot gold was down 0.1% at $4,119.37 per ounce by 0516 GMT, while US gold futures for December delivery slipped 0.1% to $4,137.00. “The metal could remain under some pressure as crude prices returned to the upside, keeping inflationary pressures in place and reinforcing hawkish monetary policy expectations,” said Bas Kooijman, CEO and asset manager of DHF Capital S.A. O...
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