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Moneycontrol

Gold slips below $4,386/oz and silver drops 5.37% on September 10 as yields, dollar strengthen and Brent tops $102

AI Market Summary
Precious metals sold off sharply as higher US yields and a firmer dollar increased the opportunity cost of holding non-yielding assets. Brent above $100 reinforced inflation concerns, keeping markets focused on tighter Fed policy risk ahead of PCE and the next FOMC meeting. Despite strong recent gold ETF inflows and lingering fiscal and geopolitical uncertainty supporting safe-haven demand, the immediate macro impulse is negative for bullion.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT-1.20%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Precious metals slid sharply on September 10, with Comex gold down 1.68% to below $4,386 an ounce and silver plunging 5.37% to near $65 an ounce. The Dollar Index rose to 95.46 while Brent crude climbed above $102 a barrel. U.S. Treasury yields also moved higher, reinforcing inflation concerns and expectations of tighter Federal Reserve policy, which weighed on bullion.
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