Spot gold and silver prices fell sharply in early U.S. trading due to a rebound in oil prices, which intensified inflation concerns and increased expectations for another Federal Reserve rate hike. Gold dropped nearly 2.8% to around $4,165 an ounce, while silver fell about 4.5% to near $61.29. Strong inflation data and rising energy prices pushed Treasury yields higher, reinforcing the market's view of higher-for-longer U.S. interest rates. Key upcoming U.S. economic reports this week, including job openings, payrolls, and inflation data, will influence whether yields and the dollar continue to rise, putting pressure on precious metals. Geopolitical tensions in the Strait of Hormuz also add complexity, as oil prices rose over 3%, supporting inflation worries but also increasing the opportunity cost of holding non-yielding gold and silver. Overall, the market is balancing defensive demand from geopolitical risks against the impact of higher yields and a stronger dollar.
Metals sell-off amid Hormuz tensions sees U.S. stocks broadly down on Pluang, with only 32 of 150 US stocks rising as of Sep 28, 2026 19:41 WIB. Roblox Corp (RBLX) fell 5.25% to USD 44.00, Nu Holdings Ltd (NU) dropped 5.00% to USD 12.91, while Firy Inc. (FIRY) gained 4.59% to USD 12.99. This snapshot highlights a challenging market environment for equities on the platform during this period.
WTI crude oil is bouncing back from its 50-day moving average around $89.74, aiming for a resistance level near $105. This rebound follows market reactions to political news and recent profit-taking. Brent crude is consolidating above $100, a key sup...
Circle and Volante Technologies have partnered to integrate USD Coin (USDC) workflows into a payment platform used by banks. This integration allows financial institutions to test USDC minting, redemption, wallet registration, funding, notifications,...
Applied Industrial Technologies outperforms Fastenal as a dividend growth stock due to faster dividend increases, stronger coverage, a healthier balance sheet, and a lower valuation multiple. While Fastenal provides a higher starting yield and lower ...
Deutsche Bank increased its price target for C&C Group PLC shares to 150p from 104p following the company's Glasgow capital markets day on September 24. The event boosted confidence in C&C's turnaround strategy and its ability to meet financial targe...
Zcash (ZEC) saw its price increase by 3.53% within four hours, climbing from $1,545 to $1,599 as short-position liquidations reached $320,000. This price movement occurred even though ZEC was trading 3.10% lower compared to its level 24 hours earlier...
