Gold set for weekly drop as oil price surge weighs on rate-cut hopes - Reuters
Gold set for weekly drop as oil price surge weighs on rate-cut hopes Reuters
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Key People
No people linked to this story
Locations
All Coverage
<a href="https://news.google.com/rss/articles/CBMiqgFBVV95cUxOSDF6WDJoQ2piYVhTaV9XbHQ1V3VURTVtOWZGbTJ3U3Zrc2pfNEFsdWVpYXpRbC1HVDNKdWZJeDF0cmlnUmtuWU05Q0ktTmlRTEt1cEVwLTloWDRSWXUwNmQxNTFyYkdBdmhkelVtOEMtX1dPRzBiZDBlTlliXzdINUdxN0JPLXp6Q0s1WFplVjM1OGZ2Q1hYMmExQXY1SXpRaUFab3VNSUlTQQ?oc=5" target="_blank">Gold set for weekly drop as oil price surge weighs on rate-cut hopes</a> <font color="#6f6f6f">Reuters</font>
Gold prices fell as much as 2.5% to below $5,050 an ounce, pressured by a stronger US dollar and concerns over higher interest rates due to rising oil prices linked to the West Asia conflict.
Gold dropped nearly 3% to around $5,015 per ounce, marking its first weekly decline in over a month, as surging oil prices and a stronger US dollar raised concerns about potential Federal Reserve rate hikes.
Gold (XAU/USD) fell over 1.5% to $5,090 as WTI oil surged more than 30% amid shipping disruptions in the Strait of Hormuz, lifting the US Dollar and pressuring bullion.
Similar Stories
Related coverage based on topic and tags
Gold slips, set for weekly loss on Mideast tensions, rate-hike fears - Reuters
Gold slips, set for weekly loss on Mideast tensions, rate-hike fears Reuters
June 5, 2026 at 01:13 AMGold steadies after hitting six-month low; inflation data in focus - Reuters
Gold steadies after hitting six-month low; inflation data in focus Reuters
June 11, 2026 at 01:05 AMGold hits more than two-month low as strong US jobs data boosts rate-hike bets - Reuters
Gold hits more than two-month low as strong US jobs data boosts rate-hike bets Reuters
June 8, 2026 at 11:36 AMDollar wavers as investors ponder rate outlook, Middle East worries - Reuters
Dollar wavers as investors ponder rate outlook, Middle East worries Reuters
June 11, 2026 at 01:44 AMDollar retreats from two-month high as Gulf tensions ease; rate hike bets rise - Reuters
Dollar retreats from two-month high as Gulf tensions ease; rate hike bets rise Reuters
June 9, 2026 at 01:33 AMGlobal oil inventories depleted, next price spike could roil economies, markets - Reuters
Global oil inventories depleted, next price spike could roil economies, markets Reuters
June 5, 2026 at 04:26 PM