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Gold Rises as Oil Pullback Eases Inflation Fears

Wall Street Journal Markets •
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Gold edges up in early Asia trade as markets weigh a pullback in oil prices. If crude's declines hold, that could ease the inflation fears that have sent bond yields up and stoked rate-hike expectations, weighing on the precious metal. Analysts at BMI, a unit of Fitch Solutions, say rate cuts hold… There is a strong floor under gold prices around $3,800/oz, according to BMI, a unit of Fitch Solutions.