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Gold Slips As Oil Prices Rise And Investors Await Fed Minutes

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 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.

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