Gold Prices Rise as Softer Oil Eases Inflation Concerns
Gold prices rose slightly on Monday, supported by softer oil prices that eased inflation worries. Spot gold increased 0.2% to $4,073.59 per ounce, while US gold futures for December delivery also gained 0.2%. Despite gains, expectations that the Federal Reserve will maintain higher interest rates due to strong US job growth capped the rally. US unemployment fell to 4.1%, reinforcing the Fed's likely rate hikes in December.
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