Gold rises 0.6% as oil retreat eases inflation concerns ahead of Fed meeting
Spot gold rose 0.6% to $4,018.81 an ounce by 11:43 a.m. EDT after hitting a more than three-month low in the previous session.
By Noel JohnGold prices rose on Monday, rebounding from the previous session's more than three-month low, as retreating oil prices tempered inflation concerns ahead of this week's US Federal Reserve meeting.Spot gold TVC:GOLD rose 0.6% to $4,018.81 per ounce by 11:43 a.m. EDT (1543 GMT) after hitti…