Gold Prices Soar Today as US Dollar Pressure Weakens
6 Articles
6 Articles
A weakening US dollar and easing inflation concerns have lifted global gold prices.
Jim Wyckoff, an expert at American Gold Exchange, believes that the weakening of the US dollar and crude oil prices are easing concerns about inflation, and this is positively impacting the gold market. Gold prices rose more than 1% in Asia as inflation concerns eased. Gold prices increased by 1 million VND on Monday morning, with SJC trading at around 142 million VND. World gold prices edged higher as inflation concerns eased.
Global gold prices rose more than 1 percent in trading on Monday (November 9, 2026), supported by the weakening of the United States (US) dollar.
Precious metal closed at $4,114.50 per ounce-troy in New York, while investors await new economic data from the United States.
The spot gold rose 1%, at $4,107.01 per ounce. The futures of American gold with maturity in December closed with an increase of 1%, at $4,114.50.
At Comex, metal for December closed at 0.97%, at $4114.5 per ounce-troy, while silver for December won 1.45%, at $52.693 per ounce-troy
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