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(Kitco NewsWire) – Spot gold prices were slightly lower and spot silver prices were higher in early U.S. trading Monday, as declining oil prices and lower Treasury yields provided support for precious metals while persistent inflation and expectations for additional Federal Reserve tightening limited buying interest.…
Gold prices advanced on Monday as investors reduced expectations for another US Federal Reserve interest rate increase following comments from Chair Kevin Warsh. US gold futures moved above $4,200 an ounce, while other precious metals also recorded gains.
Gold held a decline, as elevated oil prices fueled inflation concerns and clouded the Federal Reserve’s path for interest-rate hikes.Bullion was trading at around $4,135 an ounce, after falling 0.6% in the previous session. Oil hovered near a five-month high after Iran said it has “no choice” but t…