Global marketsUpdated November 2

Gold partially rebounds after a low in about a year.

Spot gold rose 0.7% to $3,900.90 an ounce by 04:40 GMT on Monday, November 2, after reaching its lowest level in about a year in the previous session, Asharq Al-Awsat reported. December gold futures gained 0.3% to $3,909.70 an ounce. The move was a partial recovery. Asharq Al-Awsat linked support to lower oil prices easing inflation concerns, while investors assessed Federal Reserve officials’ comments for signals about the interest-rate path. Asharq Business with Bloomberg also cited buying on the dip, while technology-stock selling remained a pressure on gold.

2 publishers2 reports

Coverage started November 2