Gold, silver gain despite US inflation concerns: Key factors investors should watch
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Gold and silver prices traded higher on Wednesday (November 11) as investors assessed the outlook for US interest rates.
- ✓Gold futures rose $19.70 to $4,049.90 per ounce, while silver gained $0.965.
- ✓These metals got a boost even as hotter inflation data pushed Treasury yields higher and triggered a Wall Street selloff.
Story at a Glance
- Category
- Indian Markets
- Reported By
- CNBC TV18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Gold and silver prices traded higher on Wednesday (November 11), with both precious metals extending gains in early Asian trade as investors assessed the outlook for US interest rates following stronger-than-expected inflation data.
On COMEX, gold futures rose $19.70, or 0.49%, to $4,049.90 per ounce. Prices touched an intraday high of $4,050 an ounce, compared with a low of $4,034.10 an ounce.
Silver futures gained $0.965, or 1.88%, to $52.190 per ounce, after moving between $51.420 and $52.200 an ounce.
The gains came even as hotter-than-expected US inflation triggered a selloff on Wall Street and pushed Treasury yields higher, raising concerns about further monetary tightening by the US Federal Reserve.
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CNBC TV18
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