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Gold and silver prices rise as oil and dollar pull back despite Fed rate hike fears.

Market News
11 Sep 2026
Kitco
View Source
Neutral
Gold and silver prices rise as oil and dollar pull back despite Fed rate hike fears.

Gold and silver prices increased on Friday afternoon, supported by a retreat in crude oil prices and a softer U.S. dollar, despite markets pricing in a high chance of a Federal Reserve rate hike next week. Spot gold rose 0.73% to around $4,347 an ounce, and silver gained 1.28% to about $64.26. The August U.S. inflation report met expectations, calming risk appetite and lifting equity markets, while oil prices fell about 3% after hitting a four-month high. The market remains cautious, with gold and silver needing to break key resistance levels for a sustained rebound amid ongoing geopolitical tensions affecting oil supply and inflation expectations.

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