Stock Market Today: Oil Slides on Middle East Hopes as Wall Street Rebounds, Gold price Gains 2% - Eurasia Business News

AI desk brief

Gold bid rose to $3,958.50/oz at 10:02 a.m. New York time, up $83.50 or 2.16%, with the session range at $3,879.40-$3,967.30. The move was framed as a rebound driven by lower oil prices, softer Treasury yields and a weaker dollar as markets priced less risk of further Fed tightening and reduced Middle East supply disruption fears.

The broader risk backdrop was mixed: equities rebounded after Friday’s tech-led selloff, while investors still faced Apple earnings, U.S. elections and Friday’s jobs report. In rates, the 2-year yield was near 4.60%, the 10-year 4.92% and the 30-year 5.29%, all slightly lower on the day.