Gold and silver slipped as climbing oil prices revived inflation worries and strengthened the view that interest rates may stay elevated for longer. Investors are now looking to next week’s Federal Reserve meeting for fresh signals on where policy is headed.
Bullion Tests Key Support Amid Inflation and Fed Uncertainty
Gold and silver are still under pressure. Higher oil prices have revived inflation worries, and investors are now looking to next week’s Federal Reserve meeting for hints on where interest rates go from here.
Gold: Gold has bounced back sharply after falling to $4080 (~Rs 145,600). Prices are oversold, and a strong move towards $4200 (~Rs 151,000) looks likely from here. As we suggested yesterday, use dips to buy.
Gold and silver bounced back on safe-haven buying and short-covering.
Hot US Inflation Hits Gold and Silver, but Oversold Charts Point to a Rebound
Gold and silver fell sharply after a hotter-than-expected US inflation reading.
Precious Metals Hold Steady Ahead of US CPI as Middle East Tensions Simmer
Gold and silver hold steady as Investors held back ahead of US consumer price index data, due later in the day, looking for clues on the Federal Reserve’s next policy step.
Precious Metals Holds Firm Ahead of CPI as Rate-Hike Bets Build
Gold and Silver prices stay supported as oil prices eased, though the market’s real focus is the upcoming US inflation data and what it could reveal about the Federal Reserve’s next move on rates.
Precious Metals Holds Firm Ahead of CPI as Rate-Hike Bets Build
Gold and Silver prices stay supported as oil prices eased, though the market’s real focus is the upcoming US inflation data and what it could reveal about the Federal Reserve’s next move on rates.
Gold’s break below $4100 (~ Rs 148,800) now opens the door to $4000 (~ Rs 145,000). On the upside, resistance sits near $4200 (~ Rs 151,500).
Gold and silver slipped through key support at $4100 and $60 respectively, weighed down by a dollar holding firm at an 18-month high.
Oil Rebound and Hike Fears Keep Pressure on Gold and Silver
Gold and silver extended their slide as oil bounced back on lingering threats to Middle East supply.
Precious Metals slip as dollar firms and yields hit 24-year highs.
Gold and silver remain under pressure as a firmer US dollar and climbing Treasury yields weigh on the metals. Losses have stayed limited, though, because markets have scaled back expectations of a Federal Reserve rate hike this month.
Precious Metals Weaken on Strong Dollar, Rising Yields and Fed Uncertainty
Gold and silver stayed under pressure as traders held off ahead of the key US jobs report, which should hint at the Federal Reserve’s next move. Over the month, gold has lost 8.5% and silver 13.5%.
Gold and Silver Slide as Rate-Hike Bets Build Ahead of PCE Data
Gold and silver kept sliding and are on track to close the month down about 6% and 8%, respectively. Talk of higher interest rates is weighing on sentiment, and investors are waiting on US inflation data for hints about the Federal Reserve’s next move.