Gold prices rebounded slightly on Friday, November 13, 2026, as investors snapped up bargains following a sharp decline to a more than one-year low the previous day. The rise came after the U.S. producer price index (PPI) data showed a modest increase of 0.3% in October, easing some concerns about aggressive Federal Reserve rate hikes. Spot gold climbed 0.6% to $3,898.84 an ounce, while U.S. gold futures for December delivery rose 0.5% to $3,903.00.
The PPI data, which came in slightly below expectations, provided some relief to gold markets. However, analysts noted that core PPI at 0.3% month-on-month remained elevated, signaling ongoing inflation pressures. Independent analyst Tai Wong remarked that gold struggled to hold initial gains from the PPI data due to persistent bond market struggles and Fed hawkishness.
Gold's selloff on Thursday, driven by hotter-than-expected Consumer Price Index data earlier in the week, marked its worst weekly performance since early June 2026. The metal shed more than 4% over the week, with markets pricing in an 89.4% chance of a 25-basis-point rate hike in December, down from 96.2% before the PPI data. The probability of a larger 50-basis-point move also decreased slightly to 10.6%.
Other precious metals also faced declines, with spot silver falling 0.2% to $49.91 an ounce, and platinum dropping 0.4% to $1,512.03. Palladium bucked the trend, climbing 2.1% to $1,014.74. All three metals posted losses for the week, reflecting broader market uncertainty amid expectations of further Fed tightening.