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Gold faces a weekly slide as oil surges stoke inflation fears and higher rate bets
Economy
Published on 24 April 2026
Oil spikes traced to stalled U S Iran talks
Gold stayed steady on Friday, but traders are bracing for a weekly drop as oil prices surge. The jump is linked to stalled U.S.-Iran peace talks, reviving inflation worries and increasing expectations that interest rates may stay higher for longer. With energy costs rising, factories face steeper expenses while broader economic activity weakens.
- Gold held firm Friday but is set for a weekly decline
- Higher oil prices are reigniting inflation fears
- Stalled U.S.-Iran talks are blamed for the energy shock
- Expectations of prolonged high interest rates loom
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times