Gold Recovers as Chinese Buyers Return From Weeklong Holiday

(Bloomberg) — Gold recovered from a two-month low as Chinese buyers returned from a weeklong holiday that kept activity muted in Asian markets, while traders assess the outlook for energy prices and interest rates. Bullion edged higher to trade near $4,120 an ounce. Prices are still headed for a third weekly loss, following a 1.3% drop Wednesday on a report that the White House is considering options to strike Iran. Gold has dropped by about a fifth since the US-Iran war erupted in late February as surging energy costs stoke inflation and prompt central banks to tighten monetary policy, a…