The Economic Times

Gold price drop after oil shock: Why gold fell 9% this week despite rising inflation and Fed hawkish signals Is this gold price drop driven by fundamentals or market mechanics?

Gold price drop after oil shock: Prices slid nearly 9% to around $4,556 per ounce, even as oil surged past $119. For many investors, this move feels completely backward. Traditionally, geopolitical tensions and rising energy prices push gold higher. But this time, the opposite happenedand the reasons lie deep within interest rates, real yields, and market mechanics.