Gold, Silver Rate Today Live Updates: Gold heads for third weekly loss as US rate hike bets strengthen

A stronger-than-expected reading would reinforce the case ⁠for several interest rate increases, potentially pushing Treasury yields ​and the dollar higher and placing additional pressure ​on gold. Ongoing Middle East tensions could continue to weigh on gold through higher inflation expectations. .Stock market today: Gold’s inflation-hedge status faces rate pressure Gold is traditionally known as an inflation hedge, but the cited market conditions highlight the pressure that higher interest rates can place on the metal. Rising rates increase the appeal of yield-bearing assets, while gold itself does not offer a yield. The relationship has become particularly relevant as markets have increased expectations of tighter monetary policy following producer-price data. A stronger-than-expected consumer-price reading could reinforce expectations of several rate increases. Higher Treasury yields and a stronger dollar could further add to pressure on gold..Silver price today: Silver sees steeper decline than gold Silver has recorded a sharper decline than gold in the cited weekly price movement. Spot silver fell 0.3% to $63.39 and had lost more than 4% for the week. The decline came alongside weakness across other precious metals, with platinum easing 0.2% to $1,773.93 and palladium losing 0.3% to $1,278.51. Both platinum and palladium were also headed for weekly declines. Gold, meanwhile, was down more than 2% for the week in the cited data, leaving both metals lower over the period..Gold, silver price today: Middle East tensions remain part of the inflation backdrop Geopolitical developments in the Middle East are adding to inflation concerns that are already influencing expectations for interest rates. Iran-aligned Houthis seized control of Yemen’s port city of Mocha and advanced down the Red Sea coast towards strategic islands, according to military sources cited by Reuters. Oil prices rose as tensions continued, while flows through the Strait of Hormuz remained restricted amid attacks involving the US and Iran. Wael Makarem of Exness said ongoing Middle East tensions could continue to weigh on gold through higher inflation expectations. The cited developments have also coincided with a sharp rise in oil prices, increasing attention on consumer-price data and the potential response from central banks..Gold Rate Today: Gold remains under pressure as rate-hike bets strengthen Gold prices edged higher but remained on course for a third consecutive weekly decline as expectations of a US interest-rate hike strengthened. Spot gold was up 0.2% at $4,324.79 per ounce, although it was down more than 2% for the week so far. US gold futures for December delivery were down 1% at $4,364.70. The movement came as traders awaited US consumer-price data for further clues on the Federal Reserve’s policy path. Earlier producer-price data showed final-demand prices rising 0.4% in August after an upwardly revised 0.1% gain in July.