Gold, Silver Prices Decline Sharply Amid Rising Crude Oil and Inflation Fears

AI Market Summary
Gold slumped below $4,000/oz, its steepest weekly fall since June, while silver dropped over 3%. Rising crude oil prices are fueling inflation concerns, reinforcing expectations that global interest rates stay elevated for longer. This reduces the appeal of non-yielding precious metals. Markets now await next week's US PCE report for inflation and rate clues; further energy-driven inflation could extend pressure.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT+0.12%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Gold, Silver Prices Decline Sharply Amid Rising Crude Oil and Inflation Fears - New Delhi: Gold and silver prices witnessed a significant weekly decline, with gold dipping 3.28 percent and silver falling ... Get Latest News on Technology only on lokmattimes.com