Gold, silver soften as markets price in December Fed hike risk - Kitco PM Report
(Kitco NewsWire) - Spot gold and silver prices were lower after the close Monday as a firmer U.S. dollar, renewed oil strength and elevated Treasury-yield risk offset safe-haven demand tied to the Strait of Hormuz and the U.S.-Iran conflict. At the time of writing, spot gold was trading near $4,168.90 an ounce, down 0.59%, while spot silver was trading at $60.120, down 0.96% on the session.The latest price action is less about an immediate October Fed move and more about whether this week’s inflation data revives the December tightening path. Markets were pricing roughly a 17% chance of an…
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- Section
- Business
- Topics
- Stock market, Economy & RBI
- First reported by
- Kitco
- Published
- Tuesday, 13 October 2026, 1:33 am IST
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- One outlet so far
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