<div id="readability-page-1"><div id="ctl00_CPI_dvBody"><div><div><p>Add <img src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/RTTNews-Logo-224x61.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/RTTNews-Logo-224x61.png"/> as your preferred news source on Google</p><div><p><img src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/google.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/google.png"/> Add Now</p></div></div></div><p> Prices of the yellow metal decreased on Friday as <span>markets</span> digested the likelihood of interest rates remaining high for longer than expected, owing to the unresolved geopolitical situation in the Middle East.</p><p>Gold has been pressured by the energy price shock triggered by the Middle East war as both the crude oil price benchmarks have jumped more than 80 percent on a year-to-date basis. Fears of a fuel-led inflationary spiral have ignited hawkish hints from major central banks and worries about an increase in the general interest rates. </p> <div><p>This article is part of our premium content offering.Subscribe with a RTTNews subscription.</p><p>Subscribe Now</p><p>Already subscribed? Sign in</p></div><p>For comments and feedback contact: editorial@rttnews.com</p><p>Business News</p></div></div>

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GOLD

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<p>Gold prices fell on Friday as markets reacted to the expectation of prolonged high interest rates due to ongoing geopolitical tensions in the Middle East. The surge in energy prices, driven by the conflict, has raised concerns about inflation, prompting central banks to adopt a more hawkish stance. Crude oil prices have increased over 80% year-to-date, contributing to fears of a fuel-led inflationary spiral.</p>

Gold Slips Amidst Focus On High Interest Rates