Gold and silver extended their slide as oil bounced back on lingering threats to Middle East supply.
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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.
Bullion extends losses as yields hit 2002 highs
Early Fed hike fears, a firm dollar, and Treasury yields at their highest since 2002 drove the selling in the precious metals pack. Softer PCE inflation and a weak 29,000 September payroll print cut October hike odds to about 22%, but rallies above $4,200 faded. The US-Iran standoff kept oil and rate expectations elevated.
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.
Gold and Silver Near Seven-Week Lows as Rate and Oil Risks Build
Gold and silver are hovering near their weakest levels in more than seven weeks. Traders are worried the Federal Reserve will hold interest rates higher for longer, and a long list of US economic data is still to come.
Bullion Breaks Support as Yields Surge and the Fed Isn’t Done
Gold and silver had a punishing week, with spot gold down about 2% and spot silver down nearly 3%. The pressure came from rates, not fading safe-haven appeal: a firmer dollar, 10-year Treasury yields near 5.50% and a hot flash PMI have raised bets on another Fed hike in October.
Rate Hike Bets Firm Up as Gold and Silver Retreat on Dollar Strength
Gold and silver slipped lower and are on track for a weekly loss, weighed down by a stronger dollar and mounting bets that the Federal Reserve will hold rates higher for longer to keep inflation in check
Precious Metals Hold Steady as Fed Bets and Trump-Xi Talks Collide
Gold and silver are caught in a tug-of-war right now—squeezed between growing expectations that the Fed will tighten policy further (a headwind for non-yielding metals) and softer oil prices, which are offering some cushion against deeper losses.
Precious Metals Eases as Rate Path Hardens, Iran Talks Send Mixed Signals
Gold and Silver slipped as traders priced in the growing likelihood that major central banks will hold rates higher for longer in their fight against sticky inflation
Precious Metals Steady Amid Fed Watch and Red Sea Risk
Gold and silver are struggling to find fresh momentum, with sentiment weighed down by growing expectations that interest rates will stay higher for longer. Investors are now waiting on comments from US Federal Reserve officials for clearer policy signals.
Hawkish Dots, Dearer Dollar, Resilient Bullion
Gold and silver ended a shaky week higher after the Fed’s 25-basis-point hike to 3.75%–4.00% came with a hawkish dot plot, while oil, driven by Saudi pipeline disruptions in the Iran war, set the tone for metals.