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Gold rises over 1% as softer oil prices ease inflation worries

Gold rose more than 1% on Monday as softer ‌oil prices eased inflation concerns, while investors awaited key US inflation data and fresh signals from the Federal Reserve on its policy outlook. Spot gold climbed 1.4% to $4,123.46 per ounce by 0428 GMT, while ​US gold futures for December delivery also rose 1.4% to $4,132.70. Bullion gained ​about 5% last week. Oil prices fell after US President…

First reported by Business Recorder 1 source
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  1. Business Recorder

    Gold rises over 1% as softer oil prices ease inflation worries (opens Business Recorder in a new tab)

    Gold rose more than 1% on Monday as softer ‌oil prices eased inflation concerns, while investors awaited key US inflation data and fresh signals from the Federal Reserve on its policy outlook. Spot gold climbed 1.4% to $4,123.46 per ounce by 0428 GMT, while…

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