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Gold rebounds as softer dollar lifts prices but oil keeps inflation fears simmering
Economy
Published on 30 April 2026
Central bank buying and bar demand rise, despite oil driven inflation worries
Gold prices bounced back on Thursday as a weaker U.S. dollar supported the metal’s recovery from a one-month low. Yet investors remain cautious: higher oil prices are stoking inflation concerns and keeping expectations of prolonged higher interest rates alive. Meanwhile, global gold demand increased 2% year-on-year in Q1 2026, powered by bar and coin purchases alongside central bank buying.
- Gold rebounded after a weaker U.S. dollar lifted sentiment
- Oil prices are keeping inflation concerns front and center
- Higher rates look set to last longer, weighing on risk appetite
- Demand rose 2% in Q1 2026 from bars coins and central banks
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times