Gold heads for weekly loss amid oil-driven inflation concerns
- Posted on May 1, 2026
- By Business News Today
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- 1 min read
Gold heads for weekly loss amid oil-driven inflation concerns
Gold prices held steady Friday, but a weekly dip was likely as soaring oil prices fueled inflation concerns, impacting interest rate expectations. Meanwhile, geopolitical tensions in the Strait of Hormuz and a significant drop in India's gold imports due to tax issues also played a role in the market's movements.
