{"id":612319,"date":"2026-09-11T01:00:21","date_gmt":"2026-09-11T01:00:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/612319\/"},"modified":"2026-09-11T01:00:21","modified_gmt":"2026-09-11T01:00:21","slug":"gold-silver-prices-tumble-as-hot-ppi-oil-shock-lift-yields-kitco-pm-report","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/612319\/","title":{"rendered":"Gold, silver prices tumble as hot PPI, oil shock lift yields – Kitco PM Report"},"content":{"rendered":"

(Kitco NewsWire) – Spot\u00a0gold<\/a> and\u00a0silver<\/a> prices are sharply lower in late-afternoon U.S. trading Thursday, as hotter wholesale inflation, a crude-oil surge and a jump in Treasury yields overwhelmed safe-haven demand tied to the U.S.-Iran war. At the time of writing, spot gold was trading near $4,317.10 an ounce, down 1.90%, while spot silver was trading at $63.500, down 5.46% on the session.<\/p>\n

North American equity markets closed lower as oil and yields rose. The S&P 500<\/a> fell 44.66 points, or 0.6%, to 7,591.70, the Dow Jones Industrial Average<\/a> dropped 316.56 points, or 0.6%, to 52,064.10, the Nasdaq Composite<\/a> lost 171.62 points, or 0.7%, to 26,081.72, and the Russell 2000 fell 30.29 points, or 1.0%, to 2,890.95. European markets also finished lower, with the STOXX Europe 600 down 0.69% to 635.97. London\u2019s FTSE 100<\/a> fell 0.57% to 10,608.92, Germany\u2019s DAX<\/a> dropped 0.84% to 25,361.15, France\u2019s CAC 40<\/a> lost 0.49% to 8,116.76, and Italy\u2019s FTSE MIB slipped 0.13% to 51,807.40.<\/p>\n

The latest positioning shifted decisively against precious metals after August PPI rose 0.4% on the month and 5.4% from a year earlier<\/a>, with energy and diesel costs driving the upside. Weekly jobless claims remained low<\/a>, and the ECB raised its benchmark rate by 25 basis points to 2.50%<\/a> to counter energy-driven inflation from the Iran war. By the close, Fed-funds futures priced a 71% probability that the Fed raises rates by 25 basis points next week, while the 10-year Treasury yield jumped to 4.943%, its highest settlement since October 2023. Friday\u2019s CPI report is now the final major macro input before the Sept. 15-16 Fed meeting. For gold, the signal is rate-negative: unless CPI cools enough to challenge the hike trade, higher yields and a firmer dollar keep the opportunity cost of holding bullion elevated.<\/p>\n

Precious metals traded as part of the inflation-and-yield shock rather than as clean havens. Gold fell through the $4,341.10 200-day EMA reference and tested the $4,315.78 nearest-support area from the latest technical grid. Silver\u2019s damage was heavier, with the metal losing the $67.25 to $68.17 retracement zone, the $65.60 minor 50% level and the $63.31 main swing level before stabilizing near $63.50. The move leaves silver below its prior breakout structure and puts gold at risk of a deeper test unless CPI reverses the rates impulse Friday.<\/p>\n

The Strait of Hormuz remains the main geopolitical channel into oil, inflation expectations and defensive demand, but Thursday\u2019s market impact came through crude and yields rather than a sustained bullion bid. Oil futures posted their steepest gains in nearly 2 months as tanker attacks intensified around Hormuz and Houthi forces seized Yemen\u2019s port of Mocha, increasing risk to Red Sea traffic. WTI settled up 6.7% at $102.48 a barrel, and Brent gained 6.3% to $107.63, the highest closes for both benchmarks since May 19. For gold, the setup remains conflicted: Hormuz risk supports defensive demand, but crude above $100 is pushing inflation expectations and bond yields higher, strengthening the case for another Fed hike.<\/p>\n

The key outside markets see Nymex WTI crude oil prices firmer and trading around $102.48 a barrel, while Brent crude was near $107.63. The yield on the benchmark 10-year U.S. Treasury note is trading near 4.94%. The U.S. dollar index is firmer after the PPI report. (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 $4,379.38 resistance level, with a sustained move targeting $4,396.30 and then $4,500.00. Bears’ next near-term downside price objective is a break below $4,315.78, with deeper downside targets at $4,290.00 and then $4,263.00. First resistance is seen at $4,379.38 and then at $4,396.30. First support is seen at $4,315.78 and then at $4,290.00.<\/p>\n

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

Spot\u00a0silver<\/a> bulls\u2019 next upside price objective is to drive prices back above $65.60, with a move above that level targeting $67.25 and then $68.17. The next downside price objective for the bears is a break below $63.31, with deeper downside targets at $62.57 and then $62.56. First resistance is seen at $65.60 and then at $67.25. Next support is seen at $63.31 and then at $62.57.<\/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 and\u00a0silver prices are sharply lower in late-afternoon U.S. trading Thursday, as hotter wholesale inflation,…\n","protected":false},"author":2,"featured_media":612320,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[13286,13278,13282,1152,13277,4404,13280,13279,13281,12858,1247,42,13285,6453,13269,13287,13274,13288,13276,43,13271,13272,13270,13273,238,13275,13284,450,2796,13283,40,38,41,39,7549],"class_list":["post-612319","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-bank-forecasts","tag-bitcoin-news","tag-central-banks","tag-charts","tag-crypto-news","tag-currency","tag-economic-reports","tag-ethereum-news","tag-forecasts","tag-global-economy","tag-gold","tag-headlines","tag-international-policy","tag-interviews","tag-kitco-news","tag-market-nugget","tag-metals","tag-mining-minutes","tag-mining-news","tag-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-top-news","tag-top-stories","tag-topnews","tag-topstories","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/612319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=612319"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/612319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/612320"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=612319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=612319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=612319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}