Gold, silver fall as higher crude oil prices revive rate-hike concerns - Business Standard

AI desk brief

Gold and silver fell on Wednesday as elevated crude oil prices revived inflation concerns and the prospect of further rate hikes, outweighing the near-term geopolitical bid from West Asia tensions and oil-tanker attacks. Comex gold was near $4,140/oz and silver near $57.60/oz; on MCX, December gold opened ₹191 lower at ₹1,46,328/10g versus the previous close of ₹1,46,519 and was later down ₹389 at ₹1,46,130/10g.

The market takeaway is that the crude-led inflation impulse is currently reading as bearish for metals via higher rate expectations and potentially firmer real yields, even as supply-disruption risks remain supportive on risk grounds.