On the evening of October 22nd, gold and silver prices were simultaneously subjected to a sell-off. - Vietnam.vn

AI desk brief

Gold and silver sold off as energy-led inflation concerns reinforced expectations of tighter monetary policy ahead of the Fed meeting. Spot gold fell 1.97% to $4,050/oz, while December gold futures dropped 0.9% to $4,111.4/oz, with the article noting the metal has lost about 20% since late February as rising fuel costs pressure the broader market.

The immediate catalyst cited was Brent crude holding above $110/bbl on Middle East supply-disruption fears, which has lifted cost-of-living concerns and supported a hawkish policy backdrop. Near term, that keeps real-rate and policy-risk pressure on precious metals unless oil eases or the Fed signals a softer stance.