Gold edges up as softer crude tempers inflation concerns - The Economic Times

AI desk brief

Spot gold rose 0.2% to $4,073.59 an ounce by 0016 GMT after a roughly 5% weekly gain; silver gained 0.9% to $52.32. Oil fell after President Trump said further Iran attacks were highly unlikely while talks continued, although shipping disruptions persisted near Hormuz; sustained de-escalation could temper gold’s haven appeal. CME FedWatch put December hike odds at 79%, versus 71% before payrolls, presenting a potential counterweight if tighter policy lifts expected real yields. Indian festival demand improved as local prices reached a seven-month low. The source’s publication date is unspecified, so these are not established current observations.