Gold Edges Higher After Two-Month Low
Gold prices rose slightly after reaching a two‑month low earlier in the session.
Update (Oct 8, 02:13 UTC): According to Marketscreener, gold prices have recovered from their recent two-month low following a stall in the US dollar rally.
Gold edged higher after hitting a two‑month low earlier in the session. The precious metal recovered modestly, lifting the price from its recent trough.
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Market Move
The decline to a two‑month low prompted a brief sell‑off, but buying pressure pushed the price back up, limiting further losses.
Drivers
Analysts cite profit‑taking and mixed economic data as factors that initially weighed on gold, while safe‑haven demand helped stabilize the market.
Key facts
- Gold fell to a two‑month low.
- Prices subsequently edged higher.
- Reuters reported the movement.
Source: news.google.com
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