Gold and Silver Prices Update: Market Reactions to US Inflation - India News Network

AI desk brief

Gold recovered 0.3% to $4,043.62/oz around 0303 GMT after a nearly 3% Tuesday decline, while silver rose 1.7% to $52.38/oz on Wednesday. The report cites October US CPI growth of 0.4%, against 0.3% expected, and says December Fed hike probabilities rose to 100% from 84%. StoneX’s Matt Simpson cited profit-taking, while ANZ’s Soni Kumari viewed anticipated tightening as a near-term headwind. A firmer dollar and tightening expectations could pressure bullion, although nominal yields alone do not establish the real-yield channel; the article does not specify its year.