Gold (XAU/USD) rallied near 3% on Wednesday as the Greenback tumbled following the Democrats' sweep in the US midterm elections. Markets now look ahead to the release of October’s Nonfarm Payrolls data on Friday. The XAU/USD trades at $4,047, after bouncing off daily lows of $3,919.
The UK Maritime Trade Operations (UKMTO) said on Monday that a tanker sailing southeast through the Arabian Gulf was struck by two unidentified projectiles approximately 72 nautical miles east of Ras Al Khafji, Saudi Arabia, Reuters reported.
The Organization of Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to keep oil production targets steady for December.