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NEW YORK SPOT METAL PRICES

November 15, 2023

Gold and silver are up about 2% and 5% respectively this week as inflation data came in better than expected, suggesting the Fed is done with rate hikes. CPI came in flat in October and core-CPI hit a 2-year low, rising just 0.2% for the month. Treasury yields plunged while stocks moved in tandem with metals, soaring Tuesday and Wednesday on the promising inflation data as well as strong earnings. The Dow is up 4 days in a row, trading at its highest level since mid-August.