Gold steadies near one-week low on inflation fears
Gold prices held near a one-week low as rising oil prices fueled inflation worries. Investors awaited upcoming Federal Reserve meetings and inflation data for rate clues.
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Gold hovered near a one-week low during Wednesday morning trade as oil rallies stoked inflation fears tied to Middle East tensions. Spot bullion rose 0.1% to $4,127.31 per ounce by midday, recovering slightly from its lowest level since October 15.
