• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Gold falls below $3,900 and silver tumbles 6% amid Wall Street liquidation

FinanceInternationalKitco30 s readAI summary
Image: Kitco

Spot gold ended Friday near $3,879.90 an ounce, down $141.60 (3.52%), while spot silver fell to $49.015, down 6.06%, according to Kitco. The precious metals selloff coincided with heavy selling in Wall Street technology shares and a more than 2% rise in crude oil after another tanker attack in the Strait of Hormuz. The Federal Reserve kept its rate in the 3.75%-4.00% range.

In 30 seconds

  • Spot gold fell 3.52% to $3,879.90 an ounce and silver dropped 6.06% to $49.015
  • The Nasdaq lost 2.9% and Intel plunged nearly 29% after its profit guidance
  • December Brent crude rose 2.4% to $117.64 after a tanker attack in Hormuz
Read the full story at Kitco

IASummary generated by artificial intelligence from a story by Kitco. It may contain errors: the original source prevails.

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