WASHINGTON (dpa-AFX) - Gold futures inched higher Monday morning after Saudi Arabia rulers purged political enemies and arrested one of the world's richest men on anti-corruption charges.
Billionaire investor Prince al-Waleed bin Talal, a significant shareholder in Twitter Inc., Lyft Inc., Citigroup, and Four Seasons Holdings, faces money laundering charges.
Gold was up $3 at 1271 an ounce, steady after a 3-month low.
Traders are focused on developments in the Middle East amid a lack of economic news in the U.S.
New York Federal Reserve Bank President William Dudley will speak about Lessons from the Financial Crisis at a luncheon event at the Economic Club of New York, with moderated Q&A, in New York.
On Friday, the U.S. economy added 261,000 jobs in October as employment rebounded from anemic gains in the prior month due to hurricanes Harvey and Irma.
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