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Commodities

Gold Edges Higher Amid Inflation Concerns and Middle East Tensions

Guavy AI Editorial Team
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Gold
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Gold prices rose slightly on Thursday as investors assessed comments from US Federal Reserve Chairman Kevin Warsh on tackling inflation after the central bank left interest rates unchanged at its latest policy meeting.

The spot gold price increased by 0.4% to $4,080.38 per ounce, while US gold futures for August delivery gained 1.1% to $4,078.

Warsh reaffirmed the Fed's commitment to bringing inflation under control, leaving markets uncertain about its next policy move.

The Bank of England and the Bank of Japan are also expected to keep rates unchanged this week, with caution against inflationary pressures linked to the Middle East war.

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