Gold, silver face fresh test as oil surge puts Fed policy decision in focus - Business Standard

Gold and silver prices slide as rising crude oil prices and expectations of tighter US monetary policy weigh on bullion. | Image: Adobe Stock Gold and silver are expected to face fresh headwinds next week as surging crude oil prices revive inflation concerns, while the US Federal Reserve's policy decision could determine whether bullion rates stabilise or extend their downward trend, analysts said. The precious metals, already battered by elevated bond yields and a stronger dollar, will look to the Federal Reserve's October 27-28 meeting and its chair's commentary for signals on whether interest rates could stay higher for longer.