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Global gold and oil price increase
The global rise in gold prices reflects a decline in U.S. Treasury bond yields, with spot gold prices increasing by 0.3% to reach $4,357.31 per ounce. Futures for December delivery also rose by 0.3%, reaching $4,395. Additionally, the yields on 10-year U.S. Treasury bonds fell for the second consecutive session, supporting the rise in the precious metal. Meanwhile, oil prices increased, with Brent crude rising to $100.57 per barrel and West Texas Intermediate (WTI) crude up to $95.8, following several days of decline, indicating a stabilization in the oil market.
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