Gold rose on Monday as a sharp drop in oil prices eased inflation concerns and pressured the U.S. dollar and Treasury yields. According to ChainCatcher, ING analysts said the move followed a pause in hostilities between the U.S. and Iran, while weaker oil prices improved the outlook for non-yielding assets.
Markets are now focused on the Federal Reserve and upcoming U.S. inflation data for further guidance on the rate outlook. ING said gold should continue to find support near current levels if yields remain subdued.
Gold Rises as Lower Oil Prices Ease Inflation Fears, ING Says
2026-07-28 07:44:20
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