Oil Rises as Middle East Tensions Escalate; Gold Awaits US Inflation Data

Oil prices rose today (Wednesday) after tensions increased in the Middle East. In gold markets, investors are awaiting the release of US inflation data for signs of the future direction of Federal Reserve monetary policy.

Oil prices increased today (Wednesday) after increasing tensions in the Middle East; In the gold market, investors are waiting for the release of US inflation data to get indications of the future direction of the Federal Reserve's monetary policy.