The rise in the global gold price coincides with the drop in the oil price Reuters: The price of cash gold reached $3,900 and 90 cents an ounce by 04:40 (GMT) with an increase of 0.7%. US gold futures for December delivery were priced at $3,909 and 70 cents with growth of 0.3%. The global oil price fell by more than 3%; Brent crude futures were down $3.68 at $109 a barrel by 04:07 GMT.