Gold eases on stronger oil as fresh Middle East hostilities erupt
[BENGALURU] Gold prices slipped on Wednesday (Jun 3), as renewed hostilities in the Middle East pushed crude oil prices higher, cementing fears that interest rates would stay higher for longer to tame inflation. Spot gold fell 0.2 per cent to US$4,476.50 per ounce by 9.03 am in Singapore. US gold futures for August delivery fell 0.3 per cent to US$4,504.40.…
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