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Gold edges higher after sharp selloff

Gold edges higher after sharp selloff
11 Nov 2026 09:03

CAPITALS (WAM)

Gold prices edged higher on Wednesday after a nearly 3 percent slide in the previous session, but gains were limited as stronger-than-expected US inflation data cemented expectations of a Federal Reserve interest rate hike next month.

Spot gold was up 0.3 percent at $4,043.62 per ounce by 03:03 GMT after falling nearly 3 percent ⁠to $4,017.21 on Tuesday.

US gold futures for December delivery gained 0.5 percent to $4,051.10.

Among other metals, spot silver climbed 1.7 percent to $52.38 per ounce, and palladium gained 1.3 percent to $1,038.38.

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