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Metals sell off as Hormuz stalemate drives yields, dollar higher - Kitco AM Report

Barchart·09/28/2026 07:54:05
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(Kitco NewsWire) - Spot gold and silver prices were sharply lower in early U.S. trading Monday, as a rebound in oil prices tightened the inflation narrative and reinforced expectations for another Federal Reserve rate increase. At the time of writing, spot gold was trading near $4,165.00 an ounce, down 2.78% on the session, while spot silver was trading near $61.290, down 4.49%.