Gold Rises as Stagflation Fears Grow Amid US-Iran Standoff
December Comex gold edged up 0.1% to $3,889 an ounce while silver fell nearly 2%. Markets are pricing in a likely Federal Reserve rate hike next month.
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what happened
Gold prices ticked higher on Friday after three sessions of losses. According to TradingView, citing RTTNews and dpa-AFX, December Comex gold rose $3.70, or 0.10%, to $3,889.00 per troy ounce. Silver fell $0.945, or 1.89%, to $49.120 per troy ounce.
Investors are watching the standoff between the United States and Iran. Concern is growing that higher oil prices could push inflation up while slowing the economy, raising the risk of stagflation. At the same time, expectations of a Federal Reserve rate increase are building.
U.S. producer price data was mixed. October PPI rose 0.3% month on month, below the 0.4% forecast, while the annual rate reached 6.5%, the highest since November 2022. According to the CME FedWatch Tool, the probability of a 25-basis-point hike at the December 8-9 Fed meeting stands at 89.4%.
why it matters
Gold is being pulled in two directions. Geopolitical uncertainty supports demand for safe-haven assets, while expectations of tighter Fed policy and a stronger dollar, with the dollar index at 103.34, limit gains in a metal that pays no interest.
market impact
Gold and silver: geopolitical risk supports, expected Fed rate hikes weigh
- Gold mixed — safe-haven demand from the conflict competes with expectations of tighter Fed policy
- US dollar pressure up — rising bets on Fed rate hikes support the currency
tags
instruments
sources
- Gold Ticks Higher As Concerns Of Stagflation Emerge Amid Ongoing U.S.-Iran Faceoff — TradingView, 13 November 2026 at 18:57 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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