{"id":870784,"date":"2026-08-25T10:36:16","date_gmt":"2026-08-25T10:36:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/870784\/"},"modified":"2026-08-25T10:36:16","modified_gmt":"2026-08-25T10:36:16","slug":"gold-rises-silver-slips-as-fiscal-risk-trade-holds-kitco-pm-report","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/870784\/","title":{"rendered":"Gold rises, silver slips as fiscal-risk trade holds – Kitco PM Report"},"content":{"rendered":"

(Kitco NewsWire) – Spot\u00a0gold<\/a>\u00a0 prices are higher and spot\u00a0silver<\/a> prices are slightly lower in late-afternoon U.S. trading Monday, as gold\u2019s fiscal-risk bid held even as silver saw profit-taking after last week\u2019s breakout. At the time of writing, spot gold was trading near $4,648.40 an ounce, up 1.00%, while spot silver was trading at $68.750, down 0.16% on the session.<\/p>\n

North American equity markets closed mixed, with AI-linked technology again the drag. The S&P 500<\/a> fell 21.51 points, or 0.3%, to 7,652.86, the Dow Jones Industrial Average<\/a> rose 140.15 points, or 0.3%, to 53,417.16, the Nasdaq Composite<\/a> lost 200.26 points, or 0.8%, to 25,980.19, and the Russell 2000 fell 22.79 points, or 0.8%, to 2,995.08. European markets finished nearly flat overall, with the STOXX Europe 600 at 654.21, unchanged on the session. London\u2019s FTSE 100<\/a> rose 0.35% to 10,854.32, Germany\u2019s DAX<\/a> slipped 0.11% to 26,106.60, France\u2019s CAC 40<\/a> lost 0.37% to 8,453.01 and Italy\u2019s FTSE MIB fell 0.24% to 52,542.18.<\/p>\n

The latest positioning remains centered on the same cross-current that has supported gold all month: softer recent U.S. inflation and spending data reduced the urgency of a September Fed hike, but long-end yields and fiscal stress remain the constraint. The 10-year Treasury yield eased to about 4.70% as oil prices fell, while the 30-year yield stayed near the 5.2% area. Markets are now looking to Wednesday\u2019s Nvidia earnings, the July PCE inflation report and Fed Chair Kevin Warsh\u2019s Jackson Hole speech Friday for the next read on growth, inflation and policy risk. Gold has held above the $4,600 area because Treasury buyback expectations, debt concerns and dollar sensitivity continue to matter more than a single rates input. Silver\u2019s pullback shows the trade is less uniform below the surface: the metal remains tied to the dollar and long bond, but profit-taking emerged after Friday\u2019s test above $70.<\/p>\n

The Strait of Hormuz remains the main geopolitical channel into oil, inflation expectations and defensive demand, but Monday\u2019s market impact came through a lower crude tape. Washington announced new sanctions aimed at Iran, while U.S.-Iran talks remain unresolved and uncertainty persists over when tankers will be able to freely exit the Persian Gulf. Brent crude fell to around $90.54 a barrel and WTI traded near the $84.00 area after the measures stopped short of a broader secondary-sanctions shock. For gold, the setup remains supportive but conflicted: lower crude helped ease yields, while the unresolved U.S.-Iran standoff keeps a geopolitical floor under defensive demand.<\/p>\n

The key outside markets see Nymex WTI crude oil prices lower and trading around the $84.00 area, while Brent crude was near $90.54. The yield on the benchmark 10-year U.S. Treasury note is trading near the 4.7% area. The U.S. dollar index is firmer.\u00a0(Kitco Global Index<\/a> shows how much of today’s gold move is the dollar versus the gold market itself.)<\/p>\n

\"Live<\/a><\/p>\n

Technically, spot\u00a0gold<\/a> bulls’ next upside price objective is to push prices back above the $4,650.00 resistance level, with a sustained move targeting $4,772.17 and then $4,968.06. Bears’ next near-term downside price objective is a break below $4,594.10, with deeper downside targets at $4,453.00 and then $4,359.00. First resistance is seen at $4,650.00 and then at $4,772.17. First support is seen at $4,594.10 and then at $4,453.00.<\/p>\n

\"Live<\/a><\/p>\n

Spot\u00a0silver<\/a> bulls’ next upside price objective is to drive prices back above $70.02, with a move above that level targeting $71.56 and then $72.08. The next downside price objective for the bears is a break below $68.42, with deeper downside targets at $66.29 and then $61.33. First resistance is seen at $70.02 and then at $71.56. Next support is seen at $68.42 and then at $66.29.<\/p>\n

See live\u00a0precious metals prices<\/a> for gold, silver, platinum and palladium \u2014 in USD, CAD and 12 more currencies.\u00a0<\/p>\n

<\/a><\/p>\n

Disclaimer:\u00a0The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and\/ or damages arising from the use of this publication.<\/p>\n","protected":false},"excerpt":{"rendered":"(Kitco NewsWire) – Spot\u00a0gold\u00a0 prices are higher and spot\u00a0silver prices are slightly lower in late-afternoon U.S. trading Monday,…\n","protected":false},"author":2,"featured_media":770780,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[7900,7888,45,49,48,7892,7894,7887,7897,7890,7889,7891,7898,3242,7899,2977,7879,7901,7884,7902,7886,7881,7882,7880,7883,714,7885,7896,7903,3243,7895,7893],"class_list":["post-870784","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bank-forecasts","tag-bitcoin-news","tag-business","tag-ca","tag-canada","tag-central-banks","tag-charts","tag-crypto-news","tag-currency","tag-economic-reports","tag-ethereum-news","tag-forecasts","tag-global-economy","tag-gold","tag-international-policy","tag-interviews","tag-kitco-news","tag-market-nugget","tag-metals","tag-mining-minutes","tag-mining-news","tag-palladium","tag-pgm","tag-platinum","tag-platinum-group-metals","tag-politics","tag-precious-metals","tag-rare-earth-metals","tag-roundups","tag-silver","tag-tech-metals","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/870784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=870784"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/870784\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/770780"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=870784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=870784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=870784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}