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CORPORATE FRANCHISE BUSINESS OPPORTUNITY IN INDIA

Gold prices dip as oil-driven inflation concerns weigh

Gold prices witnessed a slight decline, primarily driven by surging oil prices, raising inflation worries among traders. With an 86% probability of a US interest rate hike on the horizon, consumer prices saw a notable rise in August, further solidifying expectations of increased rates. As higher interest rates typically reduce gold's allure, other precious metals also faced downturns on Monday.

from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/apparel-fashion/jewellery/gold-prices-dip-as-oil-driven-inflation-concerns-weigh/134231610
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