Gold Tops $4,400 as Oil Rally Fans Inflation Fears

Government bonds across the Asia-Pacific region slid on Tuesday, mirroring a drop in U.S. Treasuries, as a four-day surge in oil prices reignited concerns about inflation. The move comes just ahead of the key U.S. consumer price index (CPI) data, scheduled for release later this week. Meanwhile, gold extended its record-breaking rally, pushing past the $4,400 per ounce mark for the first time.