Gold Price Today: $3,888 Friday on PPI Day After a 13-Month…
By Tobi Opeyemi Amure
AI summary of the source article
Spot gold traded at $3,888.50 an ounce following US October PPI data, which rose 0.3 percent month-on-month and 6.5 percent annually, keeping Federal Reserve December rate hike expectations active.
Why it matters
Gold pays no interest, so higher policy rates raise the cost of holding it.
Key facts
- Spot gold reached $3,888.50 an ounce after falling to a 13-month low of $3,852.
- US October producer prices rose 0.3% month-on-month and 6.5% over 12 months.
- Markets estimated a 14.5% chance of a 50 basis point Federal Reserve rate hike in December.
Source excerpt · FinanceFeeds
Updated 13 November 2026, 13:30 GMT, as the US producer price data came out. Spot gold was at $3,888.50 an ounce, up 0.31 percent on the day (Kitco, 8:30 a.m. ET). On Thursday it fell to $3,852, its lowest since October 2025 (FXStreet). US October producer prices rose 0.3 percent on the month, a touch below the 0.4 percent forecast, but the annual rate of 6.5 percent was the highest since November…