
Gold finds respite from five-week trough, inflation concerns linger
May 5 (Reuters) - Gold prices rebounded on Tuesday from the previous session's five-week low, as oil prices edged lower, but persistent Middle East tensions and inflation concerns kept gains in check.
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Gold SWOT: Trident Resources reported its strongest drill result to date at the Contact Lake gold project.(Kitco Commentary) - The worst performing precious metal for the week was gold, down 2.52%. Gold extended its decline as investor focus remained on potential talks between the U.S. and Iran, while the continued closure of the Strait of Hormuz heightened inflation concerns, according to Bloomberg.









