Kitco NEWS(@KitcoNewsNOW):Gold, silver retreat as high core CPI lifts December Fed hike odds Spot #gold and #silver prices were sharply lower in early U.S. trading Tuesday, pressured by stronger-than-expected U.S. inflation data that reinforced expectations for another Federal Reserve interest rate increase in December. Both headline and core consumer prices rose more than economists had forecast in October, sending Treasury yields higher and adding to pressure on precious metals following Monday's rally. Spot gold was trading near $4,055.30 an ounce, down $84.10, or 2.03%, while spot silver was trading near $51.700, down $1.600, or 3.01%.

2026.11.10 14:46

Gold, silver retreat as high core CPI lifts December Fed hike odds Spot #gold# and #silver# prices were sharply lower in early U.S. trading Tuesday, pressured by stronger-than-expected U.S. inflation data that reinforced expectations for another Federal Reserve interest rate increase in December. Both headline and core consumer prices rose more than economists had forecast in October, sending Treasury yields higher and adding to pressure on precious metals following Monday's rally. Spot gold was trading near $4,055.30 an ounce, down $84.10, or 2.03%, while spot silver was trading near $51.700, down $1.600, or 3.01%.