Gold Falls Amid Middle East Tensions
London: Gold prices eased on Wednesday as concerns that escalating Middle East tensions could drive inflation higher reinforced bets on elevated interest rates, with key US inflation data due later this week.
Spot gold was down 0.1% at $4,349.44 per ounce, while US gold futures for December delivery were down 1% at $4,393.30.
Among other metals, spot silver was down 0.1% at $65.84 per ounce, platinum rose 0.6% at $1,824.53 and palladium fell 0.2% to $1,345.83.
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