- Gold prices struggled in North American trade on Monday, touching a one-week low after the latest U.S.employment report bolstered expectations of faster economic growth and revived speculation that the Federal Reserve will raise interest rates this year.Gold for December delivery on the Comex division of the New York Mercantile Exchange fell to a session low of $1,335.30 a troy ounce, the weakest since July 29. It was last at $1,341.25 by 12:52GMT, or 8:52AM ET, down $3.15, or 0.23%.
- Oil prices rallied in European trade on Monday, as renewed hopes for an agreement among exporters to freeze output underpinned the market, although a persistent global oversupply kept gains in check.Several OPEC members want to revive the idea of setting new limits on oil production this fall in an effort to stabilize the market, according to people familiar with the matter.
- Silver futures fell during evening trade in the domestic market on Monday as investors and speculators exited positions in the precious metal tracking weakness overseas as a stronger dollar curbed the lure for silver as an alternative asset. Stronger greenback makes the shiny metal more expensive for those holding other currencies thus dimming demand.
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