@goldavailable4sale: Gold traded around $5,180 per ounce on Thursday, holding losses from the previous session as surging oil prices heightened inflationary risks and reduced the likelihood of central bank interest rate cuts. Oil prices climbed for a second day as the prospect of a protracted Iran war overshadowed a coordinated release of oil reserves by major economies. Markets also viewed the emergency oil release as insufficient even after the IEA agreed to its largest-ever release of 400 million barrels of oil. Gold came under pressure as well from a rallying dollar and surging Treasury yields as forward-looking inflation concerns dimmed prospects for a Fed easing, with forecasts currently pointing to only one rate reduction later this year. Meanwhile, data on Wednesday showed US core inflation remained tame at the start of the year. The European Union also warned that its inflation could exceed 3% this year. #goldbar #millionaire #millionairemindset #luxury #UK
