Gold falls to $4,120 as oil surge pressures bullion, Newmont, Agnico Eagle, Kinross stocks in focus

Gold prices have declined to $4,120 per ounce, down about 0.5% as of October 20. This pullback comes as investors await the Federal Reserve’s upcoming policy meeting, navigating a market environment shaped by rising oil prices and the potential for higher interest rates, both of which typically diminish demand for non-yielding assets such as gold. The recent dip in spot gold has translated into notable pressure on shares of major gold mining companies.

Source: CoinTurk News