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Gold and silver prices drop sharply as strong US data and higher yields outweigh inflation and geopolitical risks.

Market News
16 Jul 2026
Kitco
View Source
Bearish
pluang ai news

Gold and silver prices fell significantly on Thursday, with gold dropping over 2% below the $4,000 mark and silver declining nearly 4%. This decline was driven by strong U.S. economic data, including rising retail sales and lower jobless claims, which boosted Treasury yields and the U.S. dollar, overshadowing softer inflation reports and tensions in the Strait of Hormuz. The market now anticipates a possible Fed rate hike in September, while geopolitical risks keep oil prices elevated. Investors are watching if gold can hold key support levels amid these mixed signals and ongoing geopolitical tensions affecting energy prices.

More News

Duolingo's stock dip seen as a buying opportunity amid strong growth and AI-driven education plans

Duolingo's stock dip seen as a buying opportunity amid strong growth and AI-driven education plans

Duolingo is recognized as a disruptive leader in EdTech, expanding beyond language learning with ambitions to become the top AI-powered education platform. Despite recent stock price declines, analysts view this as a valuation correction rather than ...

Market News
Bullish
4 hours ago
Natixis Gateway Quality Income ETF yields 8.6% but lags peers in performance since Dec 2023 launch

Natixis Gateway Quality Income ETF yields 8.6% but lags peers in performance since Dec 2023 launch

The Natixis Gateway Quality Income ETF (GQI) offers an 8.6% yield through a quality equity portfolio combined with a partial buy-write strategy. Despite favorable market conditions for buy-write approaches, GQI's total returns and risk-adjusted perfo...

Market News
Neutral
4 hours ago
Judge blocks Paramount's $110B Warner Bros. merger over antitrust concerns, talks planned to resolve dispute.

Judge blocks Paramount's $110B Warner Bros. merger over antitrust concerns, talks planned to resolve dispute.

A federal judge has temporarily halted Paramount's $110 billion acquisition of Warner Bros. Discovery due to antitrust concerns raised by a coalition of 12 state attorneys general led by California's Rob Bonta. The lawsuit argues the merger would red...

Market News
Bearish
4 hours ago
AMD stock jumps 99% since Feb 2026 on AI and data center gains, challenging Nvidia's dominance.

AMD stock jumps 99% since Feb 2026 on AI and data center gains, challenging Nvidia's dominance.

Advanced Micro Devices (AMD) has seen its stock rise 99% since February 2026, fueled by strong performance in AI and data center markets. AMD's new MI400 GPU and Helios rackscale solution target the AI inference market, directly competing with Nvidia...

Analyst Insights
Bullish
4 hours ago
Class action filed over Barclays' alleged misleading info on UK mortgage lender exposure

Class action filed over Barclays' alleged misleading info on UK mortgage lender exposure

Rosen Law Firm is investigating a class action lawsuit against Barclays PLC for allegedly providing misleading information about its exposure to UK mortgage lender Market Financial Solutions Ltd (MFS). The issue arose after a Reuters report revealed ...

Market News
Bearish
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