GOLD FALLS FOR FOURTH SESSION AS OIL RALLY FUELS INFLATION CONCERNS

What happened: Gold fell for a fourth consecutive session as rising oil prices heightened inflation concerns, with investors awaiting signals on the path of US interest rates. Key numbers: Spot gold slipped 0.1% to $4,119.37 an ounce; December futures fell 0.1% to $4,137. Brent crude touched $111.99 a barrel on Tuesday. Why it matters: Bas Kooijman of DHF Capital S.A. said gold could remain under pressure as rising crude prices fuel inflation and reinforce expectations of tighter monetary policy. Higher rates typically weigh on gold because it pays no interest.

Gold fell for a fourth consecutive session as rising oil prices heightened inflation concerns, with investors awaiting signals on the path of US interest rates.

Bas Kooijman of DHF Capital S.A. said gold could remain under pressure as rising crude prices fuel inflation and reinforce expectations of tighter monetary policy. Higher rates typically weigh on gold because it pays no interest.