Gold Set for Weekly Dip as U.S. Inflation Fears Weigh on Market Sentiment Gold is on track for a weekly loss as U.S. inflation worries dampen demand, despite a modest increase ahead of critical inflation data due this Friday. The anticipated personal consumption expenditures index is expected to confirm that March continued to see high price pressures. Heightened inflation has raised doubts about the Federal Reserve’s ability to lower borrowing costs, which has boosted Treasury yields—a negative for gold, which yields no interest. Compounding concerns, a recent report showing U.S. GDP growth falling short of expectations has reignited fears of stagflation, characterized by slow growth and high inflation. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts U.S. Dollar Weakness Propels Copper to Six-Week High READ MORE BullionStar Financials FY 2022 – Year in Review READ MORE Citi Analysts Eye $3,000 Mark for Gold READ MORE ZeroHedge: Silver: The Moment to Take Action Has Arrived READ MORE Safe-Haven Demand Drives Gold Closer to Peak Amid Middle East Unrest READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment