India, Nov. 5 -- Gold prices extended gains to hit a more than two-week high on Thursday as the U.S. dollar and Treasury yields slipped following the U.S. midterm elections. A sharp retreat in oil prices also helped ease inflation and rate hike concerns.
Brent crude futures were up around 1 percent in European trade, after having slumped nearly 9 percent to hit a two-month low on Wednesday.
Spot gold jumped 1.6 percent to $4,124.84 an ounce after rallying 3.4 percent on Wednesday, the biggest jump since August on hopes that the U.S.-Iran war could end soon. U.S. gold futures were up 1.5 percent at $4,132.97.
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