Gold Futures Fall 1.6% to $3,906.20 an Ounce
New York gold futures are down 1.6% in midmorning European trading as oil’s rebound fuels expectations of higher interest rates. Investors await the U.S. midterm election outcome and Friday’s payrolls report.
Gold falls more than 1.5% as a rebound in oil prices fuels expectations of higher interest rates, while investors await the outcome of the U.S. midterm elections. In midmorning European trading, New York futures are down 1.6% to $3,906.20 a troy ounce. Investors now await Friday's payrolls report…