Gold Slips As Rising Oil Prices Fuel Fears Of Inflation
Faizan Hashmi
Published September 01, 2026 | 07:15 AM
SINGAPORE, (UrduPoint / Pakistan Point News / WAM – 01st Sep, 2026)
Gold prices faced short-term pressure during early Asian trading on Tuesday, easing toward $4,443 per ounce at the time 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.
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Related Topics:
- Oil
- Bullion
- Middle East
- May
- Gold
- Asia
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