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Macro Economy & Fiscal Policy Just now (01:15 PM IST)

Gold, Silver Slide Up to 3% as Oil Spike and Rate-Hike Bets Trigger Broad Sell-Off

Gold and silver fell sharply in Indian trade on Monday as a fresh surge in oil prices reignited inflation fears and strengthened expectations that the US Federal Reserve may keep rates higher for longer. The decline pushed bullion through key technical support levels, with a firmer dollar, rising bond yields and persistent geopolitical uncertainty deepening the pressure on precious metals.

By RDU Global Wire5 min read

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US Federal Reserve(1)India(1)