Gold near $4,300 as rising oil fuels rate-hike bets
Spot gold fell 0.2% at $4 291.82 an ounce at 2:45 p.m. in Singapore.
Spot gold traded near $4,292 an ounce, easing 0.2% as rising oil prices reinforced expectations of further interest rate hikes. Higher rates typically weigh on non-yielding gold by strengthening the dollar and raising the opportunity cost of holding the metal. For African gold-producing economies, sustained elevated prices support export revenues, though a hawkish rate environment could temper demand-side momentum.
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