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Precious metals start week with gains as crude oil prices decline

Gold rises 1.2% and silver climbs 1.6%, while Brent futures falls 1.5%

by Diplomatic Info
November 9, 2026
in Business, International
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Precious metals start week with gains as crude oil prices decline
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NEW YORK

Precious metal prices opened the week with gains on Monday, while global crude oil benchmarks extended their downward trend.

Spot gold rose 1.16% to $4,117.79 per ounce, bringing its weekly gain to 4.3%, according to market data, as of 0620GMT.

Silver climbed 1.62% to $52.72 per ounce, marking a 4.14% advance over the past week.

In energy markets, international benchmark Brent crude fell 1.5% to $96.84 per barrel, widening its weekly loss to 7.43%.

West Texas Intermediate (WTI) crude oil slipped 0.98% to $89.94 per barrel, down 6.59% on a weekly basis.

Heating oil edged down 0.10% to $4.33 per gallon, while gasoline declined 0.57% to $2.76 per gallon.

Meanwhile, European natural gas rose 1.03% to €86.48 ($96.5) per megawatt-hour, though prices remained 8.86% lower for the week.

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