Oil price rose to $107; gold price dropped by more than 2%

Oil price rose to $107; gold price dropped by more than 2%

Euronews: Oil price rose by more than 3% and the international Brent index traded above $107 a barrel in the early hours of Monday (European time); this price increase reflects new concerns about a supply squeeze, which has raised costs worldwide.

Spot gold price fell 2.1% to $4,198.10 an ounce by 03:57 GMT and was on track for its biggest daily drop since September 1st. U.S. gold futures fell 2.1% to $4,231.

Irna Jahan