Global Gold Rise and Oil Fall
Gold prices experienced a slight increase today due to a decline in oil prices and a weakening dollar. The spot gold price rose by 0.3% to reach $4,352.60 per ounce. Meanwhile, the US futures contracts for December delivery fell by 0.2% to $4,391.60. On the other hand, oil prices declined for the third consecutive session, amid reduced fears of supply disruptions from Saudi Arabia and avoiding an escalation of the conflict in the Middle East. Brent crude fell to $104 per barrel, and US West Texas Intermediate (WTI) dropped to $101.20, with both declining about 1% at settlement.
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