Gold Silver Rate Today Highlights: Gold prices ease as Middle East tensions fuel rate hike concerns

Gold Rate Today: Markets await US inflation data for Fed rate outlook Markets are awaiting US producer price index data due on Thursday, followed by consumer price index data on Friday. The inflation readings are expected to provide further cues on the Federal Reserve’s interest-rate outlook. .Gold Rate Today: Higher oil prices raise inflation pressure Brent crude prices jumped for a fourth straight session as the Middle East conflict intensified. Rising crude prices tend to put upward pressure on inflation as higher energy costs filter through the broader economy, potentially weighing on gold. .Gold Rate Today: Bank of England expected to hold Bank Rate at 3.75 The Bank of England is expected to keep its Bank Rate at 3.75% for the rest of the year and through at least mid-2027, according to a Reuters poll of economists. They said inflation was not strong enough for most policymakers to support higher borrowing costs. .Gold Rate Today: Gold prices face pressure as Middle East tensions stoke inflation fears Gold prices eased as escalating Middle East tensions raised concerns that higher energy costs could fuel inflation and reinforce expectations of elevated interest rates. Brent crude prices jumped for a fourth straight session, while gold’s appeal as an inflation hedge was weighed down by the prospect of higher rates, which reduce the attractiveness of non-interest-bearing bullion. .Gold Rate Today: Spot gold slips 0.1% as Middle East tensions fuel inflation concerns Spot gold fell 0.1 per cent to $4,349.44 per ounce as of 0040 GMT, while US gold futures for December delivery declined 1per cent to $4,393.30. Rising tensions in the Middle East have raised concerns over higher inflation, with Brent crude prices climbing for a fourth straight session.