Spot gold maintained gains Tuesday as traders questioned the expectation of rising interest rates against the metal’s appeal as a good value.
, as higher oil prices fueled inflation fears and a decline in U.S. equities resulted in demand for the metal.
Spot gold maintained gains Monday as traders questioned the expectation of rising interest rates against the metal’s appeal as a good value. "Inflationary expectations are moving up and the economy may slow down a bit here," said Bart Melek, global head of commodity strategy at TD Securities. "Rates are still accommodative in real terms, so that’s a good environment for gold." / Reuters Photos)
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