Gold rebounds after sharp selloff as oil prices ease

PSX Update • Nov 2, 2026

Gold prices recovered on Monday following a sharp decline in the previous session, supported by easing oil prices that reduced inflationary pressures, while market participants evaluated recent Federal Reserve officials' remarks for signals about the

November 02, 2026 (MLN): Gold prices recovered on Monday following a sharp decline in the previous session, supported by easing oil prices that reduced inflationary pressures, while market participants evaluated recent Federal Reserve officials' remarks for signals about the future direction of US monetary policy. Currently, spot gold is up 0.61% to $3,998.42 an ounce as of [01:47 pm] PST, according to data reported...