Gold Holds Above $4,100 as Dollar Weakens and Oil Falls
Gold futures remain above $4,100 a troy ounce, supported by a weaker dollar and falling oil prices. Saxo analysts cite a post-midterm rebound, slumping oil prices and leveraged-fund short covering as factors stabilizing the market.
Gold futures hold above $4,100 a troy ounce, supported by a weaker dollar and falling oil prices, which are helping to temper inflation concerns. "The post-midterm rebound, supported by slumping oil prices and short covering among leveraged funds, has helped stabilise the market," analysts at Saxo…