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Gold tests $3,900 resistance amid persistent inflation concerns and rising producer prices.

Market News
13 Nov 2026, 15:47 WIB
Kitco
View Source
Neutral
Gold tests $3,900 resistance amid persistent inflation concerns and rising producer prices.

Gold prices are attempting to gain bullish momentum as they approach the $3,900 per ounce resistance level. However, analysts warn that ongoing inflation pressures, highlighted by a 0.3% rise in the U.S. Producer Price Index (PPI) in October and a 6.5% annual increase, could limit gains. Core producer prices, excluding food and energy, also rose by 0.3%, signaling inflation remains embedded in the economy. While gold saw a modest price increase initially, it now faces resistance, reflecting cautious investor sentiment amid inflation uncertainties.

Gold prices testing resistance at $3,900 are given context by Pluang's market data as of Nov 13, 2026 20:31 WIB. For readers following US stocks, here is Pluang's market snapshot: out of 150 priced US stocks tradable on Pluang, 113 rose and 35 fell today. Notable movers include AGNC Investment Corp at USD 8.33 with a 1-day change of +1.59% and 100% buy order activity, JetBlue Airways Corporation at USD 3.87 with a 1-day change of +1.57% but 90% sell order activity, and Tencent Music Entertainment Group at USD 8.88 with a 1-day change of -1.55% and 100% sell order activity. The most notable figure is the 100% buy order activity on AGNC.

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