Gold prices eased on wednesday as concerns that escalating middle east tensions could drive inflation higher reinforced bets on elevated interest rates:old prices eased on Wednesday as concerns that escalating Middle East tensions could drive inflation higher reinforced bets on elevated interest rates, with key US inflation data due later this week. Spot gold was down 0.1% at $4,349.44 per ounce, while US gold for December delivery were down 1% at $4,393.30.

According to Qatar News Agency, among other metals, spot silver was down 0.1% at $65.84 per ounce, platinum rose 0.6% at $1,824.53, and palladium fell 0.2% to $1,345.83.