Gold prices saw a slight increase on Friday as Brent crude oil retreated from highs. Investors are assessing Middle East conflict developments and their inflation implications. They also await the US Federal Reserve’s interest rate decision next week. Bullion has seen a correction from record highs earlier this year. Elevated oil prices and rising yields may cap any further recovery.
Dollar advances vs yen as BOJ dissent clouds rate-hike outlook
Following the Bank of Japan’s decision to increase interest rates, the dollar saw a rise against the yen. Some policymakers expressed skepticism regarding further hikes,