Gold prices are nearly flat, but poised for a weekly loss as soaring oil prices fuel inflation fears and expectations of prolonged higher interest rates. The ongoing Iran-US conflict is keeping markets on edge, with analysts predicting continued volatility. However, long-term forecasts suggest significant gold price appreciation.
Why US stocks are rising: Nasdaq hits record after weaker jobs data cools rate-hike bets; Nike shares drop on forecast
US stocks rose, with the Nasdaq Composite hitting a record high after disappointing jobs data emerged. Lower Treasury yields and declining oil prices contributed to