Gold Bounces as Softer Oil Eases Inflation
Gold prices rose on Monday following a recent selloff as weaker oil prices tempered inflation concerns. Investors are now assessing Federal Reserve signals and upcoming elections.
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Gold prices rose 0.8% to $3,903.90 per ounce on Monday morning, recovering from a one-year low. The bounce follows a 3.5% selloff in the previous session driven by margin calls in technology shares. Softer energy costs eased inflation concerns for investors parsing central bank policy.
