Gold falls amid rising oil prices, inflation concerns

CAPITALS (WAM)

Gold prices fell on Tuesday, as rising oil prices fuelled concerns around inflation and higher-for-longer interest rates.

Spot gold was down 0.6 percent at $4,542.20 per ounce as of 04:01 GMT. US gold futures for June delivery gained 0.4 percent to $4,542.80.

Spot silver fell 1.6 percent to $76.84 per ounce, platinum lost 0.8 percent to $1,952.56, and palladium slid 1.2 percent to $1,381.27.