Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Gold Holds Gain as Dip-Buying Counters Inflation Fears From War
Business & Finance

Gold Holds Gain as Dip-Buying Counters Inflation Fears From War

Bloomberg Markets Wednesday 22 July 2026, 23:38 UTC By Yihui Xie 1 min read
Key Points

Gold Holds Gain as Dip-Buying Counters Inflation Fears From War Gold held gains on dip-buying even as hostilities in the Middle East pushed oil prices to multiweek highs, rekindling concerns that US inflationary pressure could prompt the Federal Reserve to raise interest rates. Bullion was trading around $4,120 an ounce, after rising 3% over the previous two days as dip-buying supported prices. This came as the US and Iran signaled that they aren’t ready to return to the negotiating table...

Gold Holds Gain as Dip-Buying Counters Inflation Fears From War Gold held gains on dip-buying even as hostilities in the Middle East pushed oil prices to multiweek highs, rekindling concerns that US inflationary pressure could prompt the Federal Reserve to raise interest rates. Bullion was trading around $4,120 an ounce, after rising 3% over the previous two days as dip-buying supported prices. This came as the US and Iran signaled that they aren’t ready to return to the negotiating table after escalating attacks.
the Middle East (LOCATION) US (LOCATION) the Federal Reserve (ORG) Iran (LOCATION)
Originally published by Bloomberg Markets Read original →

Related Stories

China's Moonshot AI stole from Anthropic, Trump tech adviser says

The allegations come as Chinese AI companies are facing increased US government scrutiny.

BBC Business 13m ago

Yen’s Slump in Trade-Weighted Gauge Shows Its Broad-Based Drop

Yen’s Slump in Trade-Weighted Gauge Shows Its Broad-Based Drop While the yen’s plunge to a four-decade low against the dollar has dominated headlines, a broader gauge of the currency’s strength is sending an equally worrying signal for Japan. The Bank of Japan’s nominal effective exchange rate index — which measures the yen against a trade-weighted basket of currencies — has extended its slide to fresh record lows this year, reflecting the currency’s broad-based weakness against the euro,...

Bloomberg Markets 26m ago

Ebola Deaths Top 1,000 in Congo as Response Trails Fastest-Spreading Outbreak

Ebola Deaths Top 1,000 in Congo as Response Trails Fastest-Spreading Outbreak Confirmed Ebola deaths in Democratic Republic of Congo have surpassed 1,000, prompting Africa’s top public health official to warn the outbreak could become one of the worst on record unless transmission is rapidly brought under control. The number of fatal cases has doubled in just over two weeks, with the National Institute of Public Health reporting 2,536 cases and 1,033 deaths on Thursday. The death toll has...

Bloomberg Markets 28m ago

The Papers: 'Row over early prison release' and 'Gary's back of the net tax'

A number of the papers are focusing on a review of the early prison release programme.

BBC News 32m ago