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The Economic Times

Global Business / The Economic Times

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Gold edges higher on softer oil; US midterm elections in focus

Following a previous surge, gold prices experienced a minor uptick, influenced by declining oil rates and ongoing inflation concerns. Investors are honing in on the forthcoming US midterm elections for cues on economic direction. Financial analysts speculate a potential interest rate hike from the Federal Reserve in December to combat inflation, while the Bank of England is anticipated to tackle similar issues this Thursday.

3 Nov 2026 7:41 am