Gold futures rose $15 last night (November 11). This was due to investors continuing to buy gold as a hedge against inflation after the consumer price index in the U.S. reached its highest level in more than 30 years.
- Gold futures were up $15.6, or 0.84%, at $1,863.9 per ounce.
- Silver futures were up 52.9 cents, or 2.14%, at $25.301 an ounce.
- The platinum contracts were up $17.5, or 1.62%, at $1,094.5 per ounce.
- The palladium futures were up $23.70, or 1.2%, at $2,062.60 an ounce.
Gold contracts rose back above the $1,860 level after coming under pressure yesterday (Nov. 11) as the dollar appreciated.
But it is likely that the gold price would have risen again anyway, as investors bought gold as a hedge against inflation after the inflation numbers shot up.
The Consumer Price Index (CPI), which should measure inflation based on the cost of living, rose 6.2% in October year-on-year and 0.9% month-on-month.
Core CPI (excluding food and energy) rose 0.6% in October from the previous month and 6.2% from a year earlier.
The Spot Market is Open
Friday, November 12, 2021
| Metals Updated at | USD Bid/Ask | Ounce Change | Low/High |
| Gold 13.35 | 1,858.00 1,859.00 | -3.90 -0.21% | 1,854.80 1,863.40 |
| Silver 13.35 | 25.22 25.32 | -0.03 -0.12% | 25.06 25.38 |
| Platinum 13.35 | 1,086.00 1,096.00 | +2.00 0.18% | 1,080.00 1,100.00 |
| Palladium 13.35 | 1,986.00 2,136.00 | -16.00 -0.80% | 1,984.00 2,156.00 |
| Rhodium 06.00 | 13,000.00 15,000.00 | 0.00 0.00% | 13,000.00 15,000.00 |