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Gold Slips As Oil Prices Rise And Investors Await Fed Minutes

By Chee Liang CFA4 min read

Singapore, 8 July 2026 – Gold prices slipped as investors weighed rising Middle East tensions, higher oil prices and the upcoming release of the United States Federal Reserve’s June meeting minutes.

Spot gold fell 0.5% to US$4,144.36 per ounce, while US gold futures for August delivery eased 0.3% to US$4,157.40. The retreat came after bullion reached a two-week high in the previous session, supported by softer United States jobs data that had briefly reduced expectations of further monetary tightening.

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Author

  • Chee Liang CFA

    Chee Liang CFA specializes in financial advice and global economic trends, delivering clear insights to help readers navigate markets, investments, and the shifting dynamics of the world economy.