The spot price of gold rose 0.1% to $3,880 an ounce, part of a technical rebound after falling overnight, the Wall Street Journal writes. The price of the precious metal is under pressure from the rise in oil prices and expectations for an interest rate hike by the US Federal Bank by 50 basis points in December. Another negative factor for the property is the strengthening of the dollar index above 103 points and the increase in bond yields.