Gold, silver prices rise up to 2.6% on COMEX; what investors are watching this week - CNBC TV18

AI desk brief

COMEX gold futures rose 1.45% to $4,134.10/oz and silver was reported up 2.63% at $53.31/oz on November 9, following weekly gains of approximately 4.5% and 5.4%. The report attributes the recovery to bargain buying, short-covering and safe-haven demand amid technology-stock weakness. Upcoming inflation releases could reshape rate expectations; the report says stronger US employment data increased expectations of a December Fed hike, supporting the dollar and Treasury yields. US-Iran negotiations and Russia-Ukraine developments could alter haven demand. Some quoted changes and closing prices are internally inconsistent, limiting precision.