Gold prices extended gains to hit a more than two-week high on Thursday as the U.S. dollar and Treasury yields slipped following the U.S. midterm elections. A sharp retreat in oil prices also helped ease inflation and rate hike concerns.
Brent crude futures were up around 1 percent in European trade, after having slumped nearly 9 percent to hit a two-month low on Wednesday.
Spot gold jumped 1.6 percent to $4,124.84 an ounce after rallying 3.4 percent on Wednesday, the biggest jump since August on hopes that the U.S.-Iran war could end soon. U.S. gold futures were up 1.5 percent at $4,132.97.
Subscribe to continue reading the article.
This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.
Start Free Trial
FREE 7-Day Trial – No Payment Required
Gold Extends Gains To Two-week High
2026-11-05 10:15:06
