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via thehindubusinessline.comMarkets

Gold gains as oil slide cools some inflation concerns

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

Spot gold rose 0.5% to $4,014.49 per ounce by 0924 GMT ‌after hitting $3,975 on Friday, its lowest level since ‌July 20

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishLower oil eases inflation pressure and supports gold demand as a haven.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Spot gold rose 0.5% to $4,014.49 per ounce.
  2. 02On Friday it hit $3,975, its lowest since July 20.
  3. 03The oil slide has cooled some inflation concerns.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
GoldCOMMODITY:GOLDCommodity4,025.40 USD-0.07%today +0.44%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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