Gold, silver fall as expectations of December rate hike strengthen - Business Standard

AI desk brief

Gold and silver traded lower on November 12, with Comex futures near $3,990/oz and $51.40/oz, respectively. The report attributed the declines to higher-than-expected US inflation strengthening expectations of a December Federal Reserve rate increase. MCX December gold traded ₹723 below its previous close at ₹1,38,993 per 10 grams, while domestic silver futures were near ₹1,82,650/kg. Stronger tightening expectations could weigh on bullion if they lift expected real yields, but the report provides no inflation figures or rate-pricing data to substantiate that channel.