Gold, silver rates today: Comex gold and silver retreat as US Fed officials signal possible rate hike (opens original article in a new tab)

Gold and silver prices declined as US Fed officials indicated possible interest-rate hikes, countering support from falling oil prices. Comex gold fell $140, silver nearly $5, while MCX gold dropped ₹4,600 per 10 grams. Markets now expect a 78% chance of a December rate hike.

• Gold and silver prices dropped as US Fed officials signaled potential interest-rate hike.
• Comex gold futures fell $140, silver tumbled nearly $5, while MCX gold fell ₹4,600 per 10 grams.
• Markets now see 78% probability of a rate hike in December, up from 61% before the Fed's policy announcement.