European Stock Markets Today: Shares Rise as Oil Falls and Gold Rebounds - Eurasia Business News

AI desk brief

Gold rebounded sharply after Friday’s selloff, with the bid at $3,958.50/oz at 10:02 a.m. New York time, up $83.50 (+2.16%) and trading in a $3,879.40-$3,967.30 range. The move was framed as bargain buying plus relief from a steep drop in oil prices, which eased inflation concerns and helped temper expectations for more Fed tightening.

The article also notes that Friday’s decline had taken gold to a one-year low and that the bounce was supported by a softer dollar and lower Treasury yields. Near term, the setup is more of a rebound than a fresh bullish trend, with further direction tied to Apple earnings, U.S. midterm elections and upcoming labor-market data.