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Gold and silver traded lower on Thursday after higher-than-expected US inflation raised expectations of a December Federal Reserve rate hike. Comex gold was near $3,990 an ounce and silver near $51.40.
MCX December gold and silver futures in India also opened and traded lower.
Stronger rate expectations tighten financial conditions and can lift the dollar, which tends to pressure dollar-denominated commodity prices. Precious metals have little direct link to feed supply or demand.
business-standard.comRamveer Singh GurjarNov 12, 2026After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
