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Gold and silver prices edge up after sharp drop amid mixed US inflation data and Fed rate hike expectations.

Market News
13 Nov 2026, 16:12 WIB
Kitco
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Neutral
Gold and silver prices edge up after sharp drop amid mixed US inflation data and Fed rate hike expectations.

Gold and silver prices rose modestly on Friday, recovering from recent losses as bargain hunters stepped in after gold hit its lowest level in over a year. The US producer price index rose less than expected in October, suggesting some easing in inflation pressures, but underlying inflation remains persistent. This mixed data keeps market focus on the Federal Reserve's upcoming December meeting, where a rate hike is widely anticipated. Geopolitical tensions in the Strait of Hormuz and strong Treasury yields continue to influence precious metals and oil prices, while global equity markets showed mixed reactions ahead of key economic reports next week.

Gold price movements provide context for readers following precious metals. For readers following gold, here is Pluang's market snapshot as of Nov 13, 2026 20:31 WIB: Among 150 priced US stocks tradable on Pluang, 113 rose and 35 fell today. AGNC Investment Corp rose 1.59% to USD 8.33 with 100% buy orders, while Tencent Music Entertainment Group declined 1.55% to USD 8.88 with 100% sell orders.

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