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Gold rose toward $4,300 an ounce on Thursday, recovering losses from the previous session as the recent rally in oil prices lost steam, easing inflationary pressures. Those moves followed reports that Saudi Arabia is aiming to restore around half of its East-West pipeline capacity within days and return it to full oper
Spot gold gained 0.6% to $4,339.46 but was still on track for a weekly loss as oil eased from multi-month highs ahead of key US economic data.
European stocks edge higher as the Stoxx 50 rises 0.4% after five straight sessions down, with government bonds stabilizing and gold supported by a softer US dollar.