#energy-prices-and-inflation

#energy-prices-and-inflation

Markets remain fragile amid persistent geopolitical tensions in the Middle East, which have pushed oil prices higher and revived concerns about inflation in Europe. While interest rates are expected to remain unchanged, attention could turn to the ECB's forward guidance and assessment of energy-driven price risks.

The metal has come under pressure as rising geopolitical tensions have pushed energy prices higher, reinforcing concerns about inflation and tightening financial conditions. This has resulted in a rise in US Treasury yields to multi-week highs, weighing on non-yielding assets such as gold.