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Gold and silver prices rise as softer US jobs and confidence data ease rate hike fears.

Market News
29 Sep 2026
Kitco
View Source
Neutral
Gold and silver prices rise as softer US jobs and confidence data ease rate hike fears.

Gold and silver prices increased on Tuesday after weaker US labor market and consumer confidence data reduced expectations for aggressive interest rate hikes. Spot gold rose 1.42% to about $4,172 an ounce, while silver gained 1.23% to around $61.27. Despite long-term Treasury yields remaining high, softer economic data and comments from the New York Fed president lowered the odds of a rate hike in October, supporting precious metals. Upcoming US inflation and employment reports will be key to determining if this rebound continues or if higher yields pressure metals again.

Gold and silver prices rebounded as softer US economic data cooled expectations for aggressive Fed rate hikes. For readers following US equities, here is Pluang's market snapshot as of Sep 30, 2026 03:02 WIB: out of 150 priced US stocks, 58 rose and 92 fell. Notable movers include Boeing Co (BA) at USD 185.41 with a 1-day change of -6.39% and Pluang order activity of 38% Sell / 62% Buy, BlackBerry Limited (BB) at USD 8.70 up 5.91% with 88% Sell / 12% Buy, and Affirm Holdings Inc (AFRM) at USD 67.55 down 5.55% with 0% Sell / 100% Buy.

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