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Gold, silver sink as oil, yields keep Fed pressure in focus - Kitco PM Report

Barchart·09/28/2026 16:10:07
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(Kitco NewsWire) - Spot gold prices were sharply lower and spot silver prices were under heavy pressure in late U.S. trading Monday, as a renewed Strait of Hormuz risk premium lifted oil prices, pushed Treasury yields higher and reinforced expectations for another Federal Reserve rate increase. At the time of writing, spot gold was trading near $4,131.00 an ounce, down about 3.8% on the session, while spot silver was trading near $61.020, down about 5.0%.