precious_metals

📰 Gold eases as housing cools but oil spike keeps Fed risk high
Gold prices edged lower on Tuesday as weak US housing data did little to ease concerns about persistent inflation and the prospect of further Federal Reserve tightening. Silver moved higher, while elevated oil prices and rising Treasury yields continued to complicate the outlook for precious metals. At the time of writing, spot gold traded near $4,122.30 an ounce, down 0.44%, while spot silver rose 0.42% to around $57.21. The market remains caught between signs of weakness in interest-rate-sensitive sectors and inflation readings that could keep monetary policy restrictive for longer. Futures markets are pricing in an 82.8% probability that the Fed will leave rates unchanged at its October 27-28 meeting, against a 17.2% chance of a 25-basis-point increase. The probability…
Source : Invezz
Time : 2026-10-20 14:07:39
Credit : gaurav thakur
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