Gold, silver extend gains as softer oil prices ease inflation concerns - Business Standard

AI desk brief

Gold and silver extended gains on Monday, November 9, with Comex gold futures near $4,130/oz and silver near $53/oz at the time of reporting. The report attributed the advance to lower crude prices easing inflation concerns, while expectations of a persistently tight Federal Reserve stance capped gains. MCX December gold opened Rs 1,010 above its previous close and later traded Rs 1,415 higher at Rs 1,43,967 per 10 grams. Softer oil could support bullion if it eases expected policy restraint, but the report’s tight-policy expectations remain a counterforce.