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Gold prices near $4,000 face pressure amid inflation fears and rising oil costs, with a dip below $3,900 expected.

Market News
29 Jun 2026
Kitco
View Source
Bearish
pluang ai news

Gold prices are struggling near $4,000 an ounce as inflation concerns and rising oil prices weigh on the market. TD Securities' Bart Melek predicts gold could fall below $3,900 before stabilizing, driven by inflationary pressures from oil prices potentially reaching $90–110 per barrel due to Middle East tensions. Despite short-term risks, Melek sees a strong recovery by 2027 with gold surpassing $5,300, supported by easing economic headwinds and potential Fed policy shifts. Investors should view lower gold prices as a buying opportunity amid ongoing geopolitical and economic uncertainties.

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YMCA and Capital Power partner to send 600 kids to summer camp with financial aid.

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2 hours ago
Fidelity Advisor Series VIII increases stake in Renk Group AG to 3.23%

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Fidelity Advisor Series VIII increases voting rights in Renk Group AG to 3.23%.

Fidelity Advisor Series VIII increases voting rights in Renk Group AG to 3.23%.

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No buybacks of cooperative investment certificates reported by CRCAM Toulouse for week of June 22-26, 2026

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3 hours ago
Saks Global rebrands as Exemplar Luxury Group after bankruptcy and debt restructuring.

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Saks Global, parent company of luxury brands including Saks Fifth Avenue and Neiman Marcus, has rebranded as Exemplar Luxury Group following its exit from bankruptcy. The company eliminated 75% of its debt, closed numerous stores, and ended its partn...

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