Gold prices rose on Monday, recovering from their lowest level in a year, which they hit during the previous session. This increase comes with support from the drop in oil prices, which eased concerns about inflation. This comes as investors await the midterm elections in the US. Gold rose in spot transactions by 1.8% to $3,943 an ounce. US gold futures for December delivery settled up 1.8% at $3,969 an ounce.

Gold prices rose on Monday, recovering from their lowest level in a year, which they hit during the previous session. This increase comes with support from the drop in oil prices, which eased concerns about inflation. This comes as investors await the midterm elections in the US. Gold rose in spot transactions by 1.8% to $3,943 an ounce. US gold futures for December delivery settled up 1.8% at $3,969 an ounce.