Energy Markets
Gold recovers from a five-week low, but inflation worries cap gains
Gold prices rose on Tuesday after a five-week low was reached in the previous session. However, gains were modest as high crude oil prices kept inflation concerns alive and clouded U.S. rate outlook. After a drop of more than 2% on Monday, spot gold was up 0.5% at $4,543.87 an ounce as of 0757 GMT. U.S. Gold Futures for?June Delivery were up 0.5% to $4,554.10. Ilya Spivak is the head of global macro at Tastylive. He said that prices seem to have digested a little after the return of a 'war' trade across the markets on Monday. The dollar and...