Gold drops as oil nears US$120 and the US dollar strengthens. Investors watch inflation and interest rate signals closely.
KEY HIGHLIGHTS Gold prices dropped sharply as oil surged near US$120 and the US dollar strengthened. Spot gold fell about 1.6% to around US$5,091 per ounce during Singapore trading hours. Investors are watching Middle East tensions and US interest rate signals before making new moves. Gold prices weakened as rising oil prices and a stronger … Read more