USD 73.2351

+0.08

EUR 85.956

+0.03

BRENT 45.47

+0.17

AI-92 43.34

-0.01

AI-95 47.57

-0.03

AI-98 53

+0.01

Diesel 47.93

+0.01

107

Gold Rose Following Oil Prices

Gold extended gains on Monday, regaining its appeal as a hedge against inflation

Gold extended gains on Monday, regaining its appeal as a hedge against inflation, as oil prices bounced from a seven-week low and encouraged some investors to put their money back into bullion.

Gold rose to $930.20/931.10 an ounce from $927.40/929.40 late in New York on Friday, when it moved in volatile $16 range. Gold was above last week's two-week low of $915.80 an ounce.