GOLD HOLDS DECLINE AS ENERGY - LED INFLATION WEIGHS ON RATE PATH

What happened: Gold held a decline as elevated oil prices fueled inflation concerns and clouded the Federal Reserve's rate path. Spot gold slipped 0.1% to $4,134.91 an ounce. Key numbers: Gold fell 0.6% in the previous session and is down about a fifth since the US-Iran conflict began in late February. Bullion has held above $4,100 in October after a drop of more than 6% the prior month. Why it matters: Fed Chair Kevin Warsh signaled support for keeping rates on hold, which cut hike bets. Higher borrowing costs are a headwind for gold, which does not pay interest.

Gold holds decline as energy-led inflation weighs on rate path.

Gold holds decline as energy-led inflation weighs on rate path. — impact context not separately stored; see What changed.