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Macro

Gold Climbs 1.61% to $4,136/oz; Silver Up 2.88%, Copper Gains 1.87%

Spot gold rose 1.61% to $4,136.20 an ounce in late New York trading on Monday, November 9, after touching a session low of $4,054.44 in early Asia-Pacific trading and then rallying above $4,130. The metal hit a session high of $4,148.50 late in the U.S. session. Spot silver gained 2.88% to $53.4042 an ounce, while COMEX copper futures rose 1.87% to $6.3825 a pound.

Original source

AI take

The move is notable less for the headline gain than for the intraday reversal: gold slid to a session low in Asia-Pacific hours before rallying through the U.S. session to a high above $4,130, suggesting buyers stepped in rather than momentum carrying over. Silver's larger 2.88% advance outpacing gold points to a broader bid across precious metals rather than a single-metal story, with copper's gain adding to the cross-commodity tone. Whether that Asia-to-New York pattern repeats, and whether silver keeps outrunning gold, is the open question worth watching.

Generated by AI for reference only.

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