COMEX gold, silver prices fall in early trade: Here's why - CNBC TV18

AI desk brief

COMEX gold fell 0.40% to $4,173.70/oz and silver dropped 1.15% to $59.815/oz as a firmer US dollar and uncertainty over the Fed’s next move weighed on metals ahead of US CPI. The Dollar Index is near an 18-month high, while elevated Treasury yields and hawkish Fed expectations are limiting upside even as geopolitical and oil-price risks keep inflation hedging demand in play.

Analysts said the near-term path will hinge on US inflation data, Fed signals, the dollar and yields. Supportive factors cited include continued gold buying by China and record global gold ETF holdings, but Indian demand remains price-sensitive ahead of the festive season.