Gold falls to near $4,800 as oil-fueled inflation dims rate-cut hopes

Gold price (XAU/USD) tumbles to around $4,800, snapping the two-day winning streak during the early Asian session on Thursday. The ongoing tensions in the Middle East created a safe-haven rush, but that momentum faded as oil prices surged. Gold price slumps to near $4,800 in Thursday’s early Asian session. Higher oil prices fuel inflation, creating pressure on central banks… Gold price (XAU/USD) tumbles to around $4,800, snapping the two-day winning streak during the early Asian session on Thursday. The ongoing tensions in the Middle East created a safe-haven rush, but that momentum faded as oil prices surged. Gold price slumps to near $4,800 in Thursday’s early Asian session. Higher oil prices fuel inflation, creating pressure on central banks to maintain tight monetary policy. China extends its gold-buying streak to the 18th month. Gold price (XAU/USD) tumbles to around $4,800, snapping the two-day winning streak during the early Asian session on Thursday. The ongoing tensions in the Middle East created a safe-haven rush, but that momentum faded as oil prices surged.… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.