Gold slips as oil surge boosts rate-hike bets

The Economic Times reports that gold and silver prices fell on Monday as a surge in oil prices increased inflation concerns and raised expectations that the US Federal Reserve will raise interest rates. The article notes that spot gold dropped 0.92% to 4284.52 dollars per ounce and attributes expectations of an 87% chance of a rate hike to a Reuters report citing the CME FedWatch Tool. It also details regional physical gold prices across India and reports that oil prices jumped 4% following Middle East supply concerns.

Kitco reports that spot gold and silver prices faced significant selling pressure as rising bond yields and surging energy prices strengthened expectations of a Federal Reserve rate hike. The article states that spot gold traded down 1.80% at 4269.90 dollars an ounce and notes that markets are pricing in an 87% chance of a 25 basis point rate increase. It also outlines pressures from inflation data, consumer sentiment declines, and Middle East geopolitical tensions affecting energy infrastructure while preserving attributions to various analysts.

BGNES reports that oil prices rose sharply while gold and technology stocks declined amid mounting inflation concerns and expectations of tighter monetary policy by the US Federal Reserve. The article states that Brent crude reached around 108 dollars a barrel and notes that gold fell below 4300 dollars per troy ounce to trade at 4290 dollars, down 1.4%. It attributes swap market pricing of a 92% probability of a rate increase to Pepperstone analyst Chris Weston and mentions that annual inflation in the United States reached 3.4%.

Business Upturn reports that Wall Street is heading into a Federal Reserve meeting with markets heavily positioned for a rate hike, with odds climbing to around 88.5%. The article states that Brent crude moved above 108 dollars per barrel amid worsening Middle East tensions and notes that a Reuters poll found about 85% of economists expect the Fed to raise rates. It also discusses how higher energy prices and elevated Treasury yields create a tougher environment for growth and technology stocks.

The Sunday Guardian reports that Wall Street turned cautious as weaker AI stocks, higher crude prices, and rising Treasury yields pressured investors, causing major indices like the Nasdaq to fall. The article states that the Nasdaq Composite declined 1.03% to 26061.19 and notes that semiconductor stocks led the downturn following warnings from AI industry leaders. It also reports that Brent crude moved above 109 dollars a barrel and mentions that the probability of an interest rate increase was around 90% based on FedWatch data.