Gold prices have surged near their highest level in five months, a sign of growing unease that inflation will slow the economy and undercut the stock market’s steady run up.

Most-actively traded gold futures inched down 0.1% Monday to $1,866.60 a troy ounce but stayed just below their highest point since mid-June. Prices broke out of a long rut last week, adding nearly 3% after data showing inflation surged at its highest annual pace in three decades in October.

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