Gold rises 0.9% to $3,907.94 as oil prices weaken
Spot gold rose 0.9% to $3,907.94 per ounce by 0633 GMT after a prior-session selloff. Weaker oil prices tempered inflation concerns as investors assessed Fed comments on the US interest-rate outlook.
By Sukanya MitraGold prices bounced on Monday, after a selloff in the previous session, as weaker oil prices tempered inflation concerns, while investors assessed comments from the Federal Reserve for clues on the path of US interest rates.Spot gold rose 0.9% to $3,907.94 per ounce by 0633 GMT, aft…