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CNBC TV18

Gold slips to $4,126.20/oz and silver to $60.48/oz as Fed “higher for longer” signals fuel volatility

AI Market Summary
Gold and silver extended losses as Fed minutes reinforced a "higher for longer" rate stance, raising real-rate headwinds for non-yielding bullion despite elevated West Asia geopolitical risk. Brent's strong weekly gain increases inflation sensitivity and keeps policy expectations volatile, producing two-way flows rather than a clear safe-haven bid. Domestic India prices also weakened on rupee strength and soft demand, underscoring FX-driven pressure.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+1.30%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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International gold and silver prices extended declines on Friday, with COMEX gold at $4,126.20 an ounce (-0.35%) and COMEX silver at $60.48 an ounce (-0.44%). Brent crude posted its strongest weekly gain since early May, adding to cross-asset volatility. Markets have been pulled by the Federal Reserve meeting minutes pointing to “higher for longer” rates and by rising oil prices linked to U.S.-Iran geopolitical tensions. A stronger Indian rupee and weak local demand also pushed domestic gold lower for a fourth straight session.