E-Paper | April 24, 2026

Gold set for weekly drop as higher oil prices stoke inflation fears

Published April 24, 2026 Updated April 24, 2026 07:47am
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Gold holds steady, but is on track for a weekly drop as elevated oil prices fuel fears of inflation and higher-for-longer interest rates amid stalled US-Iran peace talks, Reuters reports.

Spot gold was up 0.1 per cent at $4,697 per ounce, as of 01:05 GMT (6:05am PKT). The metal is down 2.6pc so far this week after a four-week winning run.

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