Gold, Silver Soften as Fed December Hike Risk Climbs — SkimNews
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- Gold and silver softened in PM trading as markets priced in the risk of a December Fed rate hike, per the Kitco PM Report headline.
- Bullion had earlier firmed as the dollar, Treasury yields, and oil all retreated in the run-up to US CPI/inflation data, according to the Reuters and Kitco AM Report headlines.
- Gold also rose on the back of a weaker dollar and lower oil before the inflation print landed, per Reuters.
- The session in question was dated Oct. 12, 2026, per a price-of-gold reference in the source set.
Why it matters: With markets split between a Fed hike path and an upcoming CPI print as of Oct. 12, 2026, intraday gold moves hinge on positioning rather than fundamentals — Kitco's AM headline shows buyers, its PM headline shows sellers, and tomorrow's CPI decides which framing wins for precious metals through year-end.
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