Gold prices edged lower during early trading as rising oil prices stemming from Middle East conflicts fueled persistent worries about inflation. Spot gold declined by 0.2%, trading at $4,759.29 per ounce. Tony Sage, CEO of Critical Metals, noted in an email that the precious metal "could face pressure if oil prices rebound significantly." He added that this "may heighten concerns about inflation risks and reinforce the outlook for higher interest rates." Sage further commented, "Such a backdrop could diminish gold's appeal."