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Gold steadies Friday but weekly dip looms as oil stokes inflation fears
Economy
Published on 1 May 2026
Oil prices may be shifting rate bets fast
Gold held steady on Friday, but traders expect a weekly dip as surging oil prices revive inflation concerns and alter interest rate expectations. Market moves were also influenced by geopolitical jitters around the Strait of Hormuz and a sharp drop in India’s gold imports linked to tax-related issues, adding uncertainty for bullion demand.
- Friday prices stayed steady despite a potential weekly decline
- Rising oil is driving renewed inflation and rate-expectation worries
- Tensions near the Strait of Hormuz added risk premium to markets
- India’s gold imports fell sharply due to tax issues
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times