Gold slips as oil rally keeps inflation, rate outlook on investors’ radar

Gold prices fell on Wednesday after ‌climbing more than 2% in the previous session, as rising oil prices fuelled inflation concerns and uncertainty over the U.S. interest-rate outlook, weighing on non-yielding bullion.
 
Spot gold was down 0.6% at $4,028.43 per ounce, ​as of 0443 GMT. U.S. gold futures for August delivery eased 0.8% to $4,035.50.

Gold ​jumped more than 2% to as much as $4,100.49 per ounce on Tuesday, ⁠rebounding from a two-week low, after data showed U.S. consumer inflation slowed more than expected ​in June as energy prices retreated.
 

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