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Gold and silver prices fall on higher inflation data, with silver underperforming and key support levels in focus.

Market News
30 Oct 2026, 06:44 WIB
FXEmpire
View Source
Bearish
Gold and silver prices fall on higher inflation data, with silver underperforming and key support levels in focus.

Gold and silver prices are declining due to rising inflation data that suggests possible interest rate hikes soon. The PCE price index rose 0.5% in September, above expectations, keeping pressure on precious metals. Gold is testing key support around $3,950, with a break below likely leading to further drops toward $3,800. Silver is under heavier pressure, having fallen over 14% in October, approaching major support between $48 and $50. The gold-to-silver ratio is nearing 80, signaling potential market bottoms if it peaks soon. Investors await upcoming U.S. employment cost data for clues on wage pressures and rate outlooks, which will influence metals prices next.

Gold and silver price trends provide context for Pluang's market data snapshot. As of Oct 30, 2026 10:31 WIB, 89 of 150 priced US stocks on Pluang rose while 60 fell. Notable movers include UMC at USD 16.87 with a 1-day change of -10.36%, Caterpillar Inc at USD 642.54 down 9.93%, and Firy Inc at USD 13.40 up 9.03%.

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