Gold approaches $4,170, silver gains 3% as bond rally lifts precious metals - Kitco PM Report
(Kitco NewsWire) - Gold and silver prices are sharply higher in late U.S. trading Thursday, as falling Treasury yields, a weaker U.S. dollar and renewed safe-haven demand helped precious metals recover from Wednesday's inflation-driven selloff. A stronger-than-expected U.S. producer inflation report failed to reverse the rally in government bonds, with concerns over heavily indebted artificial intelligence companies drawing capital into Treasuries. At the time of writing, spot gold was trading near $4,168.70 an ounce, up $64.20, or 1.56%, while spot silver was trading near $57.310, up $1.800…
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- Section
- Business
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- Stock market, Economy & RBI, AI & gadgets
- First reported by
- Kitco
- Published
- Friday, 16 October 2026, 2:19 am IST
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- One outlet so far
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