Economic TimesLean R·
Gold eases on inflation woes, rate hike fears
Gold prices dropped during the early hours of Asian trading on Monday, driven by escalating tensions in the Middle East and persistent inflation worries sparking interest rate hike predictions. As global central banks react by increasing rates to control inflation, Indian buyers held back on gold purchases, waiting for more favorable pricing. In contrast, silver and platinum markets showed a slight uptick amid the overall precious metal landscape.
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