Gold falls around 2% in one week as skyrocketing oil prices fuel inflation worries. What lies ahead?
- Posted on May 1, 2026
- By Business News Today
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- 1 min read
Gold falls around 2% in one week as skyrocketing oil prices fuel inflation worries. What lies ahead?
Gold prices are nearly flat, but poised for a weekly loss as soaring oil prices fuel inflation fears and expectations of prolonged higher interest rates. The ongoing Iran-US conflict is keeping markets on edge, with analysts predicting continued volatility. However, long-term forecasts suggest significant gold price appreciation.
