Gold falls to one-year low as oil-driven inflation lifts Fed rate-hike expectations

International gold prices fell to a one-year low on Friday, pressured by rising international crude oil prices, intensifying U.S. inflationary pressures and growing expectations of further Federal Reserve rate hikes.

On the New York Mercantile Exchange, gold futures for December delivery dropped 3.29 percent to settle at 3,898.9 U.S. dollars per ounce, while silver futures for December delivery lost 5.93 percent to close at 49.276 dollars per ounce.

This marks the first time silver futures prices have fallen below the 50 U.S. dollars per ounce threshold since November 2025.

Gold falls to one-year low as oil-driven inflation lifts Fed rate-hike expectations

European stock markets ended mixed on Friday.

The United Kingdom's FTSE 100 index gained 0.07 percent to close at 10,729.78 points. France's CAC 40 index lost 0.01 percent to finish at 7,969.42 points. Germany's DAX index dropped 0.85 percent to end the session at 25,818.21 points.

European stocks close mixed on Friday