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Market Impact: 0.3
Metals fade as long yields offset cooler inflation, lower Fed odds
Source: kitco.com
Commodities & Raw MaterialsInflationMonetary PolicyInterest Rates & YieldsEnergy Markets & Prices
Spot gold was modestly lower and spot silver weakened in late U.S. trading Wednesday. Cooler U.S. inflation data reduced expectations for an October Federal Reserve rate hike, but the relief was offset by another increase in long-dated Treasury yields, pressuring precious metals.
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Overall Sentiment
mildly negative
Sentiment Score
-0.15
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