Gold edges higher on lower oil prices, subdued dollar - CNBC

AI desk brief

Gold edged higher as lower oil prices and a subdued U.S. dollar offset the drag from a higher-rate backdrop. Spot gold rose 0.2% to $4,346.65/oz, while U.S. futures slipped 0.3% to $4,385.70/oz; silver gained 0.7% to $65.61, platinum rose 1% to $1,785.80 and palladium added 0.2% to $1,294.41.

The article frames the near-term trade-off as weaker oil and a softer dollar versus tighter global monetary policy. The Fed’s latest hike and guidance for more increases, plus hawkish-leaning signals from the BoE and BoJ, were cited as caps on upside, though Goldman Sachs kept its end-2027 gold forecast at $5,400/oz and argued tighter policy should slow but not derail the rally.