Archive · Business Recorder
Gold eases ahead of US midterm elections
Gold prices ticked lower on Tuesday, after surging more than 2% in the previous session on a drop in oil prices that eased inflation concerns, while investors awaited the outcome of US midterm elections later in the day. Spot gold fell 0.5% to $3,926.52 per ounce by 0353 GMT. Prices climbed over 2% to $3,954.41 per ounce in the previous session, rebounding from a one-year low it hit on Friday. US gold futures for December delivery dropped 0.8% to $3,936.30. “Gold is still in consolidation mode after the price pummelling it took last week,” said Tim Waterer, chief market analyst at KCM Trade. “...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →