COMEX gold falls below $4,000 an ounce, silver declines: Key factors investors should track
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Gold prices fell below $4,000 an ounce on Thursday, November 12, as international markets reacted to uncertainty over US Federal Reserve interest rates.
- ✓COMEX gold futures traded at $3,985.20, while silver also fell.
- ✓A stronger US dollar and persistent inflation continue to put pressure on these precious metals for investors.
Story at a Glance
- Category
- Indian Markets
- Reported By
- CNBC TV18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Gold and silver prices declined in international markets on Thursday, November 12, tracking continued pressure on bullion amid uncertainty over the US Federal Reserve's interest rate outlook and movements in the US dollar.
On COMEX, gold futures were trading at $3,985.20 per ounce, down $15.30 or 0.38% from the previous close of $4,000.50 an ounce. Silver futures were trading at $51.555 per ounce, declining $0.447 or 0.86% from the previous close of $52.002 an ounce.
Gold slipped below the psychologically important $4,000-per-ounce mark, while silver witnessed a sharper decline in percentage terms.
The latest movement comes after both precious metals faced selling pressure in the previous session.
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CNBC TV18
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