Commodities & currencyBusiness Today
Gold price today: Inflation concerns lift demand for safe haven
Neutral02 sources
GreyOak summary
Gold and silver prices recovered on November 13 after a previous sell-off, driven by inflation concerns and Middle East tensions. Spot gold rose 0.99% to $3,923, while silver gained 0.70% to $50. Rising crude oil prices and US Federal Reserve rate hike expectations continue to influence investor sentiment.
What it affects
- GoldNeutral 0
Gold prices recovered 0.99% to $3,923.Rolling sentiment Neutral -2
- CPI inflationNegative -2
Inflation concerns fuelled by rising crude.Rolling sentiment Negative -65
