High Oil Price Makes The Gold Rise

Gold price soared in early Asian trading, reviving concerns that oil prices will again turn higher as a result of the attack by al Qaeda militants in Saudi Arabia on Saturday, driving more investors to bullion as a hedge against inflation and a weaker U.S. dollar.
Spot gold was at $395.10 an ounce versus $393.80 in New York on Friday.
The dollar slightly eased against the yen in holiday-thinned trade as the market prepared for a further erosion of the