Kitco NEWS(@KitcoNewsNOW):Gold, silver rise as Iran diplomacy pressures crude, dollar weakens Spot #gold and #silverprices were higher in early U.S. trading Monday, supported by a softer dollar, easing crude oil prices and renewed hopes for a diplomatic resolution to the U.S.-Iran conflict. Lower energy prices reduced some inflation concerns ahead of Tuesday's U.S. consumer price index report, although Friday's stronger-than-expected employment figures reinforced expectations that the Federal Reserve could raise interest rates again in December. Spot gold was trading near $4,124.74 an ounce, up $54.15, or 1.33%, while spot #silver was trading near $52.759, up $0.815, or 1.57%.

2026.11.09 13:55

Gold, silver rise as Iran diplomacy pressures crude, dollar weakens Spot #gold# and #silverprices# were higher in early U.S. trading Monday, supported by a softer dollar, easing crude oil prices and renewed hopes for a diplomatic resolution to the U.S.-Iran conflict. Lower energy prices reduced some inflation concerns ahead of Tuesday's U.S. consumer price index report, although Friday's stronger-than-expected employment figures reinforced expectations that the Federal Reserve could raise interest rates again in December. Spot gold was trading near $4,124.74 an ounce, up $54.15, or 1.33%, while spot #silver# was trading near $52.759, up $0.815, or 1.57%.