Gold rises nearly 1%, silver gains 1.6%: Key factors that will determine bullion’s recovery - CNBC TV18

AI desk brief

Gold and silver extended gains on Oct. 9 as the US dollar softened and 10-year Treasury yields fell for a second session, with COMEX December gold up 0.96% at $4,197.10/oz and silver up 1.63% at $60.395/oz. Gold traded between $4,156.10 and $4,199, while silver ranged from $59.450 to $60.430.

The near-term recovery is still vulnerable to Fed tightening risk and sticky inflation, with St. Louis Fed President Alberto Musalem saying rates may need to rise again to get inflation back to 2%. CME FedWatch showed an 18% chance of an October hike and an 82% probability for December, while higher oil prices and West Asia supply-disruption fears are keeping inflation and safe-haven demand in play.