Gold, silver slide up to 1.65%: Key triggers to watch - CNBC TV18

AI desk brief

Gold and silver extended their decline as surging crude oil prices revived inflation worries and reinforced expectations that the Fed may keep rates elevated for longer. COMEX gold fell 0.86% to $4,025.40/oz and silver dropped 1.65% to $54.10/oz, with silver underperforming on its higher volatility and industrial exposure.

The move follows Brent's jump to a five-month high on supply-disruption fears in West Asia, with Brent quoted at $112.96/bbl and WTI at $98.12/bbl early Friday. The article also flags upcoming US inflation data and the Oct. 27-28 Fed meeting as the next key catalysts; a softer oil/geopolitical backdrop or a weaker rupee could offer some support, especially for Indian domestic bullion prices.