Precious metals · Markets
Spot gold slips 0.6% as focus shifts to U.S. inflation data
Gold traded at $4,115.S. inflation data, while December gold futures edged higher.
By Sera Wyclen · 2 min read

Spot gold fell 0.6% to $4,115.S. inflation data. Silver, platinum and palladium also declined, although U.S. gold futures moved higher.
U.S. gold futures for December delivery rose 0.2% to $4,123. The two gold quotations therefore showed different directions of movement rather than a uniform retreat.
U.S. inflation data were the focus for gold trading. The quoted prices captured market conditions as attention shifted to those data. They also represented a trading snapshot rather than a closing result for the session.
Spot silver fell 0.6% to $53. Its percentage decline matched that of spot gold, putting both metals on the weaker side of the market as attention turned to the U.S. data.
Platinum was also lower, dipping 0.3% to $1,571. Its reported percentage decline was smaller than the falls in spot gold and silver, showing that the downward moves differed in scale across the metals.
Palladium dropped 0.4% to $1,037. Alongside the declines in silver and platinum, that move placed gold's weakness within a broader fall among the other metals quoted, rather than leaving it as an isolated decline.
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Among those spot quotations, gold and silver recorded the largest percentage falls. Palladium's decline was less pronounced, while platinum posted the smallest percentage decrease. All nevertheless moved in the same direction in the reported trading.
Gold futures provided the counterpoint. The December contract was quoted above the spot gold price and was moving higher even as spot gold slipped. That distinction matters when describing the session: the weakness in the spot quotation did not extend to the reported futures contract.
Attention was shifting to U.S. inflation data. In the trading snapshot, the central contrast remained the 0.6% fall in spot gold against the 0.2% rise in December futures, with the other quoted precious metals also lower.