• TRM (USD/COP)COP 3,301.91 +0.15% +COP 4.84Colombia's official exchange rate (Financial Superintendence), valid Nov 13 to Nov 13
  • EuroCOP 3,658.83 -0.27% -COP 9.84Reference: TRM crossed with the European Central Bank rate of Nov 12; not the market quote
  • Mexican pesoCOP 176.66 -0.02% -COP 0.04Reference: TRM crossed with the European Central Bank rate of Nov 12; not the market quote

Gold recovers above $3,900 but ends the week down 3.5%

FinanceInternationalRevista ADVFNAI summary
Image: Revista ADVFN

Spot gold rose 1% to $3,915.31 an ounce after hitting a 13-month low in the previous session, though it is down 3.5% for the week. December futures gained 0.9% to $3,919.60. The losses stem from rising Treasury yields and expectations of further Fed rate hikes, after US consumer inflation came in above forecasts. Silver, platinum and palladium also rose.

In 30 seconds

  • Spot gold rose 1% to $3,915.31 an ounce but is down 3.5% for the week.
  • December futures gained 0.9% to $3,919.60; silver reached $50.0785 an ounce.
  • US consumer inflation above forecasts and rising Treasury yields weighed on the metal.
Read the full story at Revista ADVFN

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

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