Gold holds above $3,900 as focus shifts to US inflation data

Mettis Global reported that spot gold was quoted at $3,915.75 an ounce at 10:17 am PST on Friday, November 13, down 1.78%. Attention has moved to US inflation figures, with the Producer Price Index scheduled for release at 1330 GMT.

Gold had fallen to its lowest point since October 2025 on Thursday, as rising oil prices and reduced hopes of a Middle East peace deal fed concern about inflation and interest rates, CNBC reported. Markets were assigning an 89% probability to a 25-basis-point US rate increase in December and 11% to a 50-basis-point move; New York Fed President John Williams also indicated further increases were likely. Silver rose 1% to $50.49 an ounce, palladium advanced 2.1% to $1,014.5, and platinum gained 1.3% to $1,538.22.