{"id":1219,"date":"2026-08-10T22:26:35","date_gmt":"2026-08-10T22:26:35","guid":{"rendered":"https:\/\/goontrading.com\/en\/gold-softens-silver-firms-as-cpi-week-tests-fed-repricing-kitco-am-report\/"},"modified":"2026-08-10T22:26:35","modified_gmt":"2026-08-10T22:26:35","slug":"gold-softens-silver-firms-as-cpi-week-tests-fed-repricing-kitco-am-report","status":"publish","type":"post","link":"https:\/\/goontrading.com\/en\/gold-softens-silver-firms-as-cpi-week-tests-fed-repricing-kitco-am-report\/","title":{"rendered":"Gold softens, silver firms as CPI week tests Fed repricing – Kitco AM Report"},"content":{"rendered":"

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(Kitco NewsWire) – Spot\u00a0gold prices are modestly lower and spot\u00a0silver prices are firmer in early U.S. trading Monday, as the market consolidates Friday\u2019s payroll-led precious-metals rally ahead of this week\u2019s U.S. inflation data. At the time of writing, spot gold was trading near $4,329.20 an ounce, down 0.28%, while spot silver was trading at $63.800, up 0.55% on the session.<\/p>\n

The latest positioning remains centered on last week\u2019s U.S. labor-market shock. July nonfarm payrolls fell by 23,000, the unemployment rate was 4.1% and prior months were revised lower by a combined 103,000 jobs. The print cut the market-implied probability of a September Fed rate hike to about 44%, down from roughly two-thirds a week earlier, while Treasury yields fell Friday and the U.S. dollar gave back ground. Monday\u2019s trade is more guarded: the dollar is firmer, Treasury yields are edging back toward the 4.6% area and traders are waiting for CPI Wednesday at 8:30 a.m. ET, PPI Thursday at 8:30 a.m. ET and retail sales Friday at 8:30 a.m. ET.<\/p>\n

The Strait of Hormuz remains the main geopolitical input for oil, inflation expectations and safe-haven demand. Iran is insisting the U.S. meet conditions before the waterway fully reopens, including lifting the blockade, paying compensation, easing sanctions and releasing frozen assets. Oman-Iran talks over transit through the strait are continuing, but Tehran has said any full reopening depends on U.S. talks. The result is a two-way market impact for gold: higher oil and renewed shipping risk support defensive demand, but a sustained crude rebound also risks rebuilding the inflation case that would keep the Fed hawkish.<\/p>\n

Global markets were mixed overnight. Japan\u2019s Nikkei 225 rose 2.1%, Hong Kong\u2019s Hang Seng gained 1.1% and Germany\u2019s DAX added 0.3%, while France\u2019s CAC 40 edged lower and the U.K.\u2019s FTSE 100 slipped 0.3%. U.S. stock-index futures were little changed after the S&P 500 closed Friday at 7,757.64, a record high.<\/p>\n

The key outside markets see Nymex WTI crude oil prices firmer and trading around $78.72 a barrel, while Brent crude was near $84.23. The U.S. dollar index\u00a0(Kitco Global Index shows how much of today’s gold move is the dollar versus the gold market itself)\u00a0is firmer. The yield on the benchmark 10-year U.S. Treasury note is trading near the 4.6% area.<\/p>\n

Technically, spot\u00a0gold bulls’ next upside price objective is to push prices back above the 52-week moving average at $4,349.82 and resistance at $4,368.00, with a sustained move targeting $4,430.00 and then $4,481.78. Bears’ next near-term downside price objective is a break below $4,299.00, with deeper downside targets at $4,223.00 and then $4,147.00. First resistance is seen at $4,349.82 and then at $4,368.00. First support is seen at $4,299.00 and then at $4,223.00.<\/p>\n

Spot\u00a0silver bulls’ next upside price objective is to drive prices back above the $65.21 area, with a move above that zone targeting $67.00. The next downside price objective for the bears is a break below $63.10, with deeper downside targets at $61.16 and then $59.94. First resistance is seen at $65.21 and then at $67.00. Next support is seen at $63.10 and then at $61.16.<\/p>\n

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

Kitco.com<\/p>\n","protected":false},"excerpt":{"rendered":"

\u26a1 Trade with Ultra-Low Spreads on IC Markets! \u2794 [Link] \ud83c\udf81 Get Your Exclusive XM Deposit Bonus Now! \u2794 [Link] \ud83d\udca1 Master the Markets with FXTM Copy Trading \u2794 [Link] (Kitco NewsWire) – Spot\u00a0gold prices are modestly lower and spot\u00a0silver prices are firmer in early U.S. trading Monday, as the market consolidates Friday\u2019s payroll-led precious-metals …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-1219","post","type-post","status-publish","format-standard","","category-gold-commodities-trade-news"],"_links":{"self":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/comments?post=1219"}],"version-history":[{"count":0,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1219\/revisions"}],"wp:attachment":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/media?parent=1219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/categories?post=1219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/tags?post=1219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}