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Gold Wavers Near $5,000 as Mideast War Keeps Oil Prices Elevated

From finance.yahoo.com

Gold wavered, as the conflict in the Middle East entered a third week and investors weighed a softer dollar against continued threats to global oil supplies. Bullion traded either side of $5,000 an ounce, falling as much as 1% before paring losses. The metal steadied after dropping for a second straight week, under pressure from rising energy prices and inflationary concerns arising from the US-Israeli war with Iran. Crude erased early gains on Monday and a gauge of the dollar slipped, helping to support commodities priced in the US currency. Uncertainty over how long the war will last makes it difficult to assess ... (full story)

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