Gold, silver prices fall up to 1.6%: What could decide the next move - CNBC TV18

AI desk brief

Gold and silver fell on Friday as a jump in crude and uncertainty over the Fed’s rate path pressured bullion: COMEX gold was $4,369.40/oz, down 0.86%, while silver fell 1.57% to $63.91/oz. The piece frames the near-term driver set as hotter oil/inflation risk, higher yields and the upcoming US inflation print, with gold seen trading in a $4,340-$4,450/oz range and silver needing to hold above $67/oz for more upside.

Despite the pullback, the article says softer dollar conditions and strong ETF demand remain supportive. Global gold ETFs took in $18bn in August, the second-largest monthly inflow on record, lifting holdings by 121 tonnes to a record 4,189 tonnes; Indian market commentary also flags a weaker rupee as a domestic tailwind for MCX prices.