Business · Markets · 12 hrs ago
Gold rises 1.6% as investors await US inflation data
Gold rose 1.6% to $4,129.69 an ounce as lower oil prices eased concerns about inflation.
The move came as investors awaited important US inflation data and new signals from the Federal Reserve on its expected interest-rate policy.
US inflation figures can influence how the central bank sets policy.
Gold futures for December delivery also gained 1.6%, reaching $4,139 an ounce.
Other precious metals also rose, including silver, platinum and palladium.
Investors are now watching for the inflation data and further clues from the Fed about its policy outlook.
Gold prices rose 1.6% as investors awaited important US inflation data and signals from the Federal Reserve on monetary policy.
Spot gold reached $4,129.69 an ounce.
US gold futures for December delivery rose 1.6% to $4,139.
Lower oil prices eased concerns about inflation.
Silver, platinum and palladium also rose.
- Who
- Investors are awaiting US inflation data and signals from the Federal Reserve.
- What
- Gold rose 1.6%; spot prices reached $4,129.69 an ounce.
- When
- November 9, 2026, according to the article’s publication date.
- Where
- Not stated.
- Why
- Lower oil prices eased inflation concerns, while investors awaited US inflation data and Federal Reserve policy signals.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Spot gold
- $4,129.69 an ounce, up 1.6%
- December gold futures
- $4,139, up 1.6%
- Silver
- $53.31 an ounce, up 2.8%
- Platinum
- $1,556.14 an ounce, up 1.6%
- Palladium
- $1,044.28 an ounce, up 2.1%