Gold price stalls near $4,130: is the oil shock killing the breakout?
Gold held near $4,130 an ounce on Thursday as investors weighed a weaker dollar against rising oil prices and the sharpest increase in short-term Treasury yields in more than a year. Spot bullion was little changed at $4,132.01 after reaching $4,165.87 on Wednesday, its highest level since July 7. August futures slipped 0.4% to $4,134.60.
