Gold rebounds above $3,900, silver jumps 3% after October rout
Mumbai, Nov. 2 -- Gold and silver staged a recovery in Monday's electronic trade, with gold climbing above $3,900 per ounce and silver surging nearly 3% towards $50 after a sharp October selloff. The rebound follows a difficult month in which both metals suffered significant losses, with gold remaining below the crucial $4,000 mark. Silver had a particularly bruising October, plunging nearly Rs.45,000 per kg on the MCX and slipping below Rs.1.80 lakh, while gold retreated more than Rs.40,000 from its record peak of Rs.1.80 lakh per 10 grams. Investors are now watching the US midterm elections on November 3 for potential implications for fiscal policy and broader market sentiment. On the MCX, December gold futures edged up 0.14% to Rs.1,38,6...
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