Commodities
Gold Tumbles Below $4,300 Amid Rising Oil Prices and Tightening Fed
Gold prices slipped below $4,300 during early Asian trading on Friday as investors reacted to rising oil prices and elevated US Treasury yields.
The Federal Reserve's potential for additional tightening has intensified, making it more expensive to hold non-yielding gold.
Rising oil prices have renewed concerns about inflation, which could keep energy costs high and make it harder for central banks to control inflation.
Despite the challenges, Chinese physical and official-sector demand remains a structural support for gold, with China importing over 1,100 tonnes of gold in the first eight months of 2026.