Gold Slips as Oil Gains Raise Rate Hike Concerns
Gold prices fell on Tuesday as rising oil costs fueled inflation worries ahead of the Federal Reserve meeting. Investors awaited signals from the central bank on future monetary tightening.
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Gold fell 0.2% to $4,287.69 per ounce on Tuesday morning as rising crude oil prices fueled inflation worries. The drop followed a session low on August 7 for the precious metal.
