Gold rises 0.7% as lower oil eases inflation concerns
Spot gold rose 0.7% to $4,094.43 per ounce by 0918 GMT as lower oil prices eased inflation concerns. Investors awaited US price data this week.
By Sherin SansGold prices rose on Monday as lower oil prices helped ease inflation concerns, while investors awaited US price data this week that could shape the Federal Reserve's rate outlook.Spot gold TVC:GOLD rose 0.7% to $4,094.43 per ounce by 0918 GMT, while US gold futures TVC:GOLD for Decemb…