- Gold rose as much as 0.8% to near $3,900 an ounce on Friday, recovering part of the prior session's losses.
- Gold fell 3.7% in the prior session, rounding off its worst October since 2008.
- Gold's slide to a one-year low drew dip buyers, according to Bloomberg.
- Oil dropped after Axios reported Trump wants to give diplomacy more time before deciding whether to resume strikes on Iran following Tuesday's midterm elections.
- Lower oil prices eased inflationary pressure, which supported gold's rebound.
Quotes
“Bullion gained as much as 0.8% to near $3,900 an ounce”