Gold falls below $4,100, silver slides 4.5% as Brent nears $112: Will Fed rate hike fears trigger more losses? - Business Today

AI desk brief

Gold and silver came under pressure as Brent neared $112/bbl and markets reassessed the inflation/Fed outlook: MCX silver December fell ₹8,593/kg to ₹2,00,575, a seven-month low, while gold futures dropped ₹2,300/10g to ₹1,43,600, a two-month low. Gold is down 3.3% in October and silver 10%, with higher energy prices feeding concerns that persistent inflation could keep the Fed tighter for longer.

The article notes renewed attacks on shipping in the Strait of Hormuz and threats to Saudi infrastructure, which are lifting crude but not enough to offset the drag from higher real-rate expectations. Silver is underperforming gold, with the piece pointing to weaker investment demand and softer industrial growth expectations as borrowing costs stay elevated.